Form 1040 Instructions - 2015 Page 32
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105 2015 Form 1040—Lines 25 Through 29
Self-Employed Health Insurance Deduction Worksheet—Line 29
Keep for Your Records
Before you begin:
If, during 2015, you were an eligible trade adjustment assistance (TAA) recipient, alternative TAA
(ATAA) recipient, reemployment TAA (RTAA) recipient, or Pension Benefit Guaranty Corporation
pension payee, do not include on line 1 of this worksheet any amounts you included on Form 8885,
line 4.
Be sure you have read the Exceptions in the instructions for this line to see if you can use this
worksheet instead of Pub. 535 to figure your deduction.
1. Enter the total amount paid in 2015 for health insurance coverage established under your business
(or the S corporation in which you were a more-than-2% shareholder) for 2015 for you, your
spouse, and your dependents. Your insurance can also cover your child who was under age 27 at
the end of 2015, even if the child wasn't your dependent. 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
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. Do not include
Conservation Reserve Program payments exempt from self-employment tax . . . . . . . . . . . . . . . . . . .
2.
3. Selfemployed 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
*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 doesn't 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.
Line 25
Line 27
Line 29
Health Savings Account
Deductible Part of
Self-Employed Health
(HSA) Deduction
Self-Employment Tax
Insurance Deduction
You may be able to take this deduction
If you were self-employed and owe
You may be able to deduct the amount
if contributions (other than employer
self-employment tax, fill in Schedule SE
you paid for health insurance for your-
contributions, rollovers, and qualified
to figure the amount of your deduction.
self, your spouse, and your dependents.
HSA funding distributions from an IRA)
If you completed Section A of Sched-
The insurance can also cover your child
were made to your HSA for 2015. See
ule SE, the deductible part of your
who was under age 27 at the end of
Form 8889.
self-employment tax is on line 6. If you
2015, even if the child wasn't your de-
completed Section B of Schedule SE, it
pendent. A child includes your son,
Line 26
is on line 13.
daughter, stepchild, adopted child, or
foster child (defined in the line 6c in-
Moving Expenses
Line 28
structions).
If you moved in connection with your
One of the following statements must
Self-Employed SEP,
job or business or started a new job, you
be true.
SIMPLE, and Qualified Plans
may be able to take this deduction. But
You were self-employed and had a
your new workplace must be at least 50
net profit for the year reported on
If you were self-employed or a partner,
miles farther from your old home than
Schedule C, C-EZ, or F.
you may be able to take this deduction.
your old home was from your old work-
You were a partner with net earn-
See Pub. 560 or, if you were a minister,
place. If you had no former workplace,
ings from self-employment.
Pub. 517.
your new workplace must be at least 50
You used one of the optional meth-
miles from your old home. Use
Tax
ods to figure your net earnings from
Topic 455
or see Form 3903.
self-employment on Schedule SE.
You received wages in 2015 from
an S corporation in which you were a
-32-
Need more information or forms? Visit IRS.gov.
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