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.
