Reporting Medicare premiums for self employed

[faugust]

I am trying to deduct my medicare premiums on Schedule C as opposed to Schedule A.   The medicare premium deducted againist Schedule C income reduces income dollor for dollor as opposed to Schedule A.  The gross monthly social security income received is decreased monthly by medicare premiums, however gross monthly social security is reported in full on SS A 1099 taxable income.  Any suggestions? 

Frank August EA 

[abctax55]

SEHI is an adjustment to get to AGI. It is NOT deducted on Sch C. "Some" of SEHI can move to Sch A.... depending on the math. 

[abctax55]

Medicare premiums are considered SEHI aka self employed health insurance.

[TaxGuyBill]

What is your question?  Are you asking how to enter the self-employed health insurance deduction?  If so, you haven't told us what software you are using.

[abctax55]

@TaxGuyBill 

".....I am trying to deduct my medicare premiums on Schedule C as opposed to Schedule A. "

Is there any software that allows that ;-).   Well, maybe TurdohhTax (or even our professional software) does with 'operator error'.   

[qbteachmt]

The Sched C tells you not to include the sole proprietor's own health care premiums on the Sched C. You can confusing things that are used for the math, but are not entered in the same place.

You posted in Practice Advice. Your older topics relate to ProSeries. There should be a worksheet from the perspective of the Sched C for SEHI. You enter it as SEHI, and do not expect to see it on Sched C, so maybe you already did it correctly.

[BobKamman]

Just because there is a line on the ProSeries Schedule C entry sheet for health insurance, doesn't mean that it gets deducted there.  That entry goes to the SEHI worksheet, where you may or may not get an adjustment to income (depends on whether you have a Schedule C profit).  Given the choice between making it logical and making it confusing, Intuit programmers (who go to H&R Block for their return preparation) usually choose the latter.  

[qbteachmt]

In addition to Schedule A, did you look at Schedule 1 (Part II)? That's where the allowable deduction will hit. Schedule A gets the overflow for itemizing. Notice Schedule 1 has the business income (line 3) and you can't create a loss with the SEHI.

[TaxGuyBill]

---

@abctax55 wrote:

@TaxGuyBill 

".....I am trying to deduct my medicare premiums on Schedule C as opposed to Schedule A. "

Is there any software that allows that ;-).   Well, maybe TurdohhTax (or even our professional software) does with 'operator error'.   

---

No, but the awkward thing is that some software, including ProSeries, has the input directly on Schedule C (directly next to line 15/insurance).  In other words, we enter it on Schedule C in ProSeries in a special spot (but obviously it is a "deduction" on Schedule 1, not Schedule C).