Where are Health Insurance Premiums mapped to on P&L. They do not show.

I can share details about healthcare deduction, frankxx7.

The Health Insurance Premiums aren't part of your self-employed expenses. Therefore, it won't show on your Profit and Loss report. It will reflect only on your Tax summary.

On the Reports tab, you can pull the Tax summary instead. Simply select the reporting year and and click on View to open it.

You can read these articles for more details:

• Overview: Healthcare insurance

• How healthcare deductions affect your taxes

Post again if you have more questions. I'm here to help.

It is an expense. Why is it not included as an expense in report? Can I request that it be included like all other expenses? What's the reason for not including it as an expense?

It's nice to have you back, @frankxx7.

Yes, you are correct Health Insurance Premium is considered as an expense. However, the amounts will only be reported on the P&L at the end of the year. You will do manually upon paying your taxes to Turbotax.

IRS ensures that you had self-employment earnings throughout the year. Once you submit your taxes, the agency will validate all these expenses.

To give you more information about reporting the Health Insurance Premium in QBSE, please see these links:

• QuickBooks Self-Employed Schedule C Categories breakdown.
• Health Insurance Deduction if You’re Self-Employed

• Health Insurance Premiums

Let me know if you have any other questions on this or with QuickBooks. I'd be happy to help you out. Have a lovely day!

You did not answer my questions. I am a CPA and know the tax laws pretty well so I don't need any extra info. I just want my questions answered if possible.  Why is it not included as an expense in the P&L report? Can I request that it be included like all other expenses? 

I can clear up that confusion, frankxx7.

QuickBooks Self-Employed treats medical premiums as personal expenses, so they're not included in our calculations for estimated taxes or business expenses. That’s the reason why they won’t show in the Profit and Loss Report.

For high medical expenses, you may be able to deduct a portion of them from the annual tax return. I suggest visiting the TurboTax Community for further guidance about tax related and financial topics.

The following article provides an overview to help determine the eligibility of healthcare deductions: How do I?

If you have further questions about the product, leave a comment below. I’ll jump right back in to assist further. Have a good one.

"QuickBooks Self-Employed treats medical expenses as personal expenses. They're not included in our calculations for estimated taxes or business expenses."

I classified it as "business" not "personal" but it still does not show up on P&L

We'd like to direct you to our Customer Care Support, frankxx7.

This way, we can further check on why transactions that are classified as a business type aren't showing up in the Profit and Loss report. 

Here's how you can reach out to us:

1. Log in to your QuickBooks Self-Employed account.
2. Click Help located in the upper right-hand corner.
3. Select Contact us.
4. Enter your concern in the Ask a question (or tell us what’s wrong) field, then click Continue.
5. Choose the Chat method to contact support.

Don't hesitate to visit us here if you have other questions or concerns. Thanks.

I tried Customer Support. They do not know the answer. They directed me to the tax section. I classified it as a business expense so it should show as such on P&L, Can I request this be fixed?

Hello there, frankxx7.

The Health Insurance Premiums are not part of your QuickBooks expenses. That said, it'll still not show to the Profit and Loss report even if we classify it as your business expenses. 

You may consider exporting the P&L report to Excel and create your own P&L report. From there, you can add the Health Insurance Premiums.

Post again if you need further assistance. We're always here.

It is a business expense that is not being mapped to the P&L report. Can I request this to be fixed so I don't have to do it manually?

Hi @frankxx7,

It would be best to contact our Technical Support team first, to have this issue investigated.

It's quite unusual for a business expense to not be included in the Profit and Loss report. Our Technical Support team can check as to why this is happening.

Take a look at this article for the steps on how you can contact Technical Support: Contact QuickBooks Self-Employed Support.

As for any future feedback and suggestions, please feel free to post it here in the Community. We always love to hear from our users since this enables us to improve.

Was this ever resolved?  I have the same issue.  I'd like my health insurance premiums to display as a business expense on my P&L.

Only schedule C expense categories will show in your Profit and Loss report, @klvarga.

The Profit and Loss report in QuickBooks Self-Employed (QBSE) only includes the schedule C expense categories. Here's more information about these categories: Categories in QuickBooks Self-Employed. 

Health insurance affects your household’s overall tax picture but isn't part of your self-employed expenses, deductions, or profits. This won’t appear on your Schedule C because it's considered as personal deductions, not business ones. This won't also affect your adjusted gross income.

When filing your annual taxes, you'll have to itemize your healthcare insurance expenses. Thus, it's not included in the calculation of your quarterly taxes.

If you're able to complete your healthcare profile from the Gear icon of your QBSE account, then you can claim healthcare deduction that can lower your quarterly tax estimates. 

Check these articles for more information:

• Overview: Healthcare insurance
• Health Insurance Premiums

The Community is always here if you still have follow-up questions with your Profit and Loss report. Let us know in the reply section below. Take care and have a wonderful day!

This makes no sense. I agree.... they SHOULD show up on a P&L after updating "Healthcare Expenses" to show that I qualify for deductions. It is very frustrating to print reports in preparation for a meeting with my tax accountant, and realize that not all the information is there!! I have to wonder what else could be missing!!! PLEASE fix this!!

Thanks for posting to the Community, @Wisco.

Healthcare Expenses are an annual type of deduction that won't show up in P&L. It isn't included in the calculation of the Quarterly estimated taxes.

As long as the Healthcare Insurance expenses are categorized properly in your QBSE account, you can check these expenses under the Annual Taxes tab in the Taxes menu.

You can refer to the articles provided by my colleague, @MJoy_D. There you can check the expense categories that will reflect in the Profit and Loss report or learn how Schedule-C categories appears on your reports.

For more questions about accounting, I recommend consulting your accountant or tax advisor for more details about Healthcare expenses and Profit and Loss reports.

Please feel free to message us here in the Community if you have more questions. I'll keep my notifications open. Take care!

 I'll give it one more try. This is frustrating.

"Healthcare Expenses are an annual type of deduction that won't show up in P&L"

This makes no sense for a variety of reasons. Healthcare expense are like any other expense and should show up in P&L. I shouldn't have to add it manually.

" It isn't included in the calculation of the Quarterly estimated taxes."

It should in QB because it is used, in fact, to calculate quarterly taxes. I have to do this manually.

Hi frankxx7,

QuickBooks Self-Employed (QBSE) categories are in line with the IRS Schedule C. You might need to confer with an accountant to discuss how your healthcare insurance should be recorded in the system. 

Here's a tax tip from the IRS about the health insurance deduction for self-employed.

We'll be around if you have any other concerns. Have a good one.

I also agree with Frank - I am a TAX ACCOUNTANT (Enrolled Agent) and could not understand why a client's Quickbooks Online Self-Employed was not showing me his health insurance premiums. I need this data quarterly.

Now I've come to find out it practically VANISHES from the system once tagged this way. Obviously this client is NOT using TurboTax (and Intuit should not assume every self-employed client is). I feel SO DUMB selling my client this subscription under my own ProAdvisor account only to tell him well this doesn't show in the reports and this doesn't show on the reports, etc etc. I'm about to tell him he has to upgrade, honestly.

And one of the answers above about putting it in Excel and editing it from there was my first inclination but you can't export to Excel from QB self-employed, which is INSANE!

Please build a better product!

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In QuickBooks or any accounting software, health insurance premiums are typically recorded as an operating expense on the Profit and Loss (P&L) or Income Statement.

In QuickBooks or any accounting software, health insurance premiums are usually recorded as an operating expense on the Profit and Loss (P&L) or Income Statement.

Welcome to the Community, @nithaya. Let me provide information regarding Health Insurance in QuickBooks Self-Employed (QBSE).

The Health Insurance Premiums are not considered part of your self-employed expenses. Even if we classify it as your business expenses, it will not be reflected in the Profit and Loss report.

Please note that the Profit and Loss report in QuickBooks Self-Employed (QBSE) only includes the Schedule C expense categories. You can check out this article: Categories in QuickBooks Self-Employed.

You can consider exporting the P&L report to Excel and manually adding the Health Insurance Premiums to include it.

You'll want to learn more about the types of healthcare deductions and how they can affect your quarterly tax estimates in these articles:

• Find out if your healthcare is deductible in QuickBooks Self-Employed.
• Health Insurance Deduction if you’re Self-Employed.
• Track healthcare deductions in QuickBooks Self-Employed.

Feel free to reach out if you have any further questions about your Profit and Loss report. Let us know in the reply section below.