WHERE DO I INPUT SELF EMPLOYED HEALTH INSURANCE FORM 1040 WITH NO SCHEDULE C?

Forum|Forum|6 years ago
March 10, 2020
10 replies
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No Schedule C, but taxpayer has SE income reported on 1099-Misc that is being reported on Other Income line. Pulling my hair out. Where to input the health insurance premiums paid to generate an Adjustment for AGI? Thanks, Eric J

ProSeries Professional

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Best answer by Terry53029

I'm acquiescing to the 1099-Misc box 7 reporting and paying the SE tax. So I'm not taking "the benefit of both options". I'm just saying there is no requirement to report SE income on a Schedule C. Thanks for your input everyone. I'm going to just report it on the Schedule C after all since there's no other software option.

See this link:

https://www.irs.gov/faqs/interest-dividends-other-types-of-income/1099-misc-independent-contractors-and-self-employed

E

Eddie903

Level 4

If its self employment it would have to be linked to a Sch C. If its being reported as other income it isn't subject to Self employment tax therefore wouldn't get the self employment benefits. Unless I'm missing something.