Yes, you can put all of the Repayment (plus what you already paid through out the year) on Line 29 assuming there is enough Business Income to support the deduction: Make sure sum of all the deductions on lines 27, 28 and 29 is NOT greater than the Business Income on line 12. In my case, I have Maximum 401K Contribution on line 28, so I am able to deduct only a portion of the Repayment on line 29. Sometimes TT is not able to do this correctly! I don't know when and why. The US tax code is over 70,000 pages! I don't want to be too harsh on TT about bugs, but something common like Health Insurance and Self Employment interaction should be one of the things that TT has to do correctly.
