Where to enter self-employed dental insurance premium deduction for LLC

Evergreentax
Evergreentax Member Posts: 2 Newcomer
in Credits/Deductions

I have a 1095-A for marketplace insurance and premium tax credit so have followed the guidance here: https://community.freetaxusa.com/kb/articles/109-self-employed-health-insurance-when-you-have-a-1095-a and entered the amount for just health insurance premiums under schedule C health insurance premium deduction. Should I add the total amount of dental insurance premiums paid to the number or enter that separately somewhere else? Thanks so much!

Answers

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 956 image
    Hello Evergreentax,

    Generally, when you have marketplace insurance, you have to adjust the deduction you can take for the Self-employment Health Insurance Deduction, because of the Advanced Premium Tax Credit.

    If you are paying for 100% of your dental premium, the yes, you should add that to the total for the Self-employment Health Insurance Deduction.
  • Evergreentax
    Evergreentax Member Posts: 2 Newcomer

    great, thank you!

Categories