New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Where do I indicate that Medicare premiums should be included in the calculation of the self-employed health insurance deduction?

Answer

On the SSA-1099 screen in the Retirement folder, enter the corresponding self-employed form/schedule, and if applicable, unit number. Once the self-employed activity is identified, the tax application will report amounts entered in the Medicare premiums, Prescription drug (Part D) premiums or Medicare Premium Total (RRB-1099) fields on line 1 of the Self-Employed Health Insurance Deduction Worksheet. If Medicare premiums included for SE health deduction purposes are limited by net self-employment earnings, the excess is reported on Schedule A, line 1.

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