Question

Amy is single and self-employed. She operates an online dating consultant business. Her net income on her Schedule C is $58,765. She has no employees and purchases her own health insurance. Where are Amy's health insurance premiums deducted?
Schedule A (Form 1040).
Schedule C (Form 1040).
Schedule 1 (Form 1040).
Schedule 3 (Form 1040)

Answer 1

Answer:

Amy can deduct her health insurance premiums on Schedule 1 (Form 1040). Health insurance premiums for self-employed individuals, like Amy, are an adjustment to income and are reported on 1.