If you enter your 1095-A as issued, and indicate that you shared the policy with someone NOT on your return, then enter your Allocation %, which can be anywhere between 0-100%. If you allocate 100% to yourself, this should essentially be the same as not indicating you shared a policy. As long as the 1095-A entry in TurboTax matches the form (the allocation is not on the form), there should be no reason for the IRS to contact you (no guarantees, however!).
If you indicate you were Self Employed, the amount of the SE Health Insurance Deduction will be calculated for you, based on SE Income. However, since this calculation is not supported by TurboTax, you may want to test how this works on your return. Since the SE Health Insurance Deduction is added back in for calculating the Premium Tax Credit on Form 8962, this may increase or decrease your refund.
"When both the self-employed health insurance deduction and the premium tax credit are involved in a return there are situations where the circular calculation that this involves does not converge to amount that is within $1. See IRS publication 974, the Self-Employed Health Insurance Deduction and Premium Tax Credit section for more details. When this is the case the tax return can alternate between two significantly different states. This commonly occurs where the self-employed health insurance deduction causes the federal poverty level to be under 400% but then the Premium Tax Credit provided reduces the self-employed health insurance deduction, then the federal poverty level goes over 400% and no Premium Tax Credit is available. In this case you should refer to IRS publication 974, the 13 Self-Employed Health Insurance Deduction and Premium Tax Credit section for the calculation requirements."
Here's more info on How is the Premium Tax Credit Calculated.
@dommett01
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
