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How is self employment health insurance deduction calculated?
I am self employed with an ACA individual policy paid out of the business and I did not receive a subsidy for 2017. After inputting my 1095-A information I went to the 1040 line 29 worksheet and input my Medicare wages on line B. After doing this, the text at the bottom of the worksheet gave me my adjustment which was placed on 1040 line 29 (self employed health insurance deduction). The problem is that my total premiums on 1095-A were $14325 but the adjustment (and 1040 line 29 entry) was only $8108. I am unable to find where, why or how this was recalculated
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‎June 4, 2019
11:18 PM