Question

Lori is single and self-employed, running an online matchmaking business. Her Schedule C net income is $167,936. She has no employees and pays for her own health insurance. Where should Lori's health insurance premiums be deducted?
Schedule A (Form 1040).
Schedule C (Form 1040).
Schedule 1 (Form 1040).
Schedule 3 (Form 1040).

Answer 1

Schedule 1 (Form 1040).

Reason: As a self-employed person paying her own premiums, Lori claims the self-employed health insurance deduction as an "above-the-line" adjustment to income on Schedule 1, not on Schedule C or Schedule A.