Instructions For Form 1040 - Draft Worksheet(S) And Tables

Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2009 Page 6

Self-Employed Health Insurance Deduction Worksheet—Line 29

Keep for Your Records

Before you begin:

If, during 2009, you were an eligible trade adjustment assistance (TAA) recipient, alternative

TAA (ATAA) recipient, or Pension Benefit Guaranty Corporation pension recipient, see the

Note

on page 31.

Be sure you have read the Exception on page 31 to see if you can use this worksheet instead

of Pub. 535 to figure your deduction.

1. Enter the total amount paid in 2009 for health insurance coverage established under your business

(or the S corporation in which you were a more-than-2-percent shareholder) for 2009 for you, your

spouse, and your dependents. But do not include amounts for any month you were eligible to

participate in an employer-sponsored health plan or amounts paid from retirement plan distributions

that were nontaxable because you are a retired public safety officer . . . . . . . . . . . . . . . . . . . . . . . .

2. Enter your net profit* and any other earned income** from the business under which the insurance

plan is established, minus any deductions on Form 1040, lines 27 and 28 . . . . . . . . . . . . . . . . . . . .

3. Self-employed health insurance deduction. Enter the smaller of line 1 or line 2 here and on

Form 1040, line 29. Do not include this amount in figuring any medical expense deduction on

Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

* If you used either optional method to figure your net earnings from self-employment, do not enter your net profit. Instead, enter the

amount from Schedule SE, Section B, line 4b.

** Earned income includes net earnings and gains from the sale, transfer, or licensing of property you created. However, it does not include

capital gain income. If you were a more-than-2% shareholder in the S corporation under which the insurance plan is established, earned

income is your Medicare wages (box 5 of Form W-2) from that corporation.

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Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2009 Page 6