self employed medical premium deduction

[Jackie66]

couple MFJ Husband retired has family retiree medical benefits, both pay medicare premiums, wife is self-employed, has LTC premiums.  Can any medical or medicare or  LTC premiums for either or both be deducted on her schedule c?  It is very confusing language, can anyone clarify this for me please?

[sjrcpa]

None of these are deductible on her Schedule C.

Maybe you mean are they deductible as self-employed health insurance premiums?

[qbteachmt]

Here's your support article for how to enter this:

https://accountants.intuit.com/support/en-us/help-article/medical-tax-credits-deductions/entering-se...

It doesn't go on the Sched C for the sole proprietor.

[Jackie66]

Sorry Semantics.  "The amount that would be able to claim on Schedule 1? " The directions seem to contradict each other.

Thanks

Thanks

[Jackie66]

Sorry to ask this question again but I failed to ask exactly what I needed to know.  So here goes , Couple MFJ, husband is retired and has family retiree medical benefits, both are covered by medicare, wife has long term care insurance and is self-employed.  Can any medical, medicare or long term care premiums go on Schedule 1 as an above the line deduction?  It looks like because the husband has family retiree medical that those premiums are a no go, but in the next breath, looks like medicare premiums are eligible for both or maybe not?  Then maybe only the wife's long term care premiums?  Can anyone help with this?

Many thanks

[qbteachmt]

Did you read that article I linked?

"because the husband has family retiree medical"

If that is employer-paid, it doesn't get included for self-employed health, because the sole proprietor isn't paying. The Medicare premiums count.

"Then maybe only the wife's long term care premiums? Can anyone help with this?"

Yes and the IRS and this article provide limit info:

"If long-term care plans are established under the taxpayer's or spouse's business, and long-term care premiums were paid for persons other than the taxpayer or spouse, manually limit the premiums paid for the other person(s) based on age, per IRS Pub 525, and include the amount in this input field."

Did you read Pub 525? Instructions for Form 7206?

https://www.irs.gov/instructions/i7206