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Self-Employed Health Insurance Deduction vs. form 1095-A entries
NOTE:
I submitted this query in 2016. It's no longer relevant as the process with TurboTax has changed. Read on if you wish, but no need to come to my rescue as the issue is no longer an issue.
> > > > > > >
Do I enter Health Insurance Premium payments in the expenses section of Schedule C (for self-employed health insurance premium deduction) if I already entered data in the Personal section (Health Insurance purchased through Marketplace - with data from form 1095-A) ?
The instructions in the schedule C business expense section say:
Do not enter premiums you paid for your employees or premiums paid through Healthcare.gov or your state market place or exchange.
All I know is I mailed a monthly payment to the state, but my rate reflected a monthly advance payment of premium tax credit.
I don't want my entries to be redundant as a result of entering things in two sections.
> > > > > > >
Do I enter Health Insurance Premium payments in the expenses section of Schedule C (for self-employed health insurance premium deduction) if I already entered data in the Personal section (Health Insurance purchased through Marketplace - with data from form 1095-A) ?
The instructions in the schedule C business expense section say:
Do not enter premiums you paid for your employees or premiums paid through Healthcare.gov or your state market place or exchange.
All I know is I mailed a monthly payment to the state, but my rate reflected a monthly advance payment of premium tax credit.
I don't want my entries to be redundant as a result of entering things in two sections.
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‎June 7, 2019
3:04 PM