I am self-employed and deduct my health insurance premiums (line 29, Form 1040). Last year I received a health insurance premium rebate check. I know this is to be treated as income for this past year, but I am not sure where to put this on my 2012 tax forms. Is it "Other income" Line 6 on Schedule C? I know a tax preparer who is simply subtracting the amount of the rebate check from the 2012 premiums paid. Is that OK?I am using TurboTax and there was no explicit guidance about this. Other TurboTax users have posted this question, but I haven't seen it answered.Can anyone help? Thanks in advance.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra