Thanks, can you clarify for the following situation:
My 1095 lists 3 columns: A. Monthly enrollment premium; B. Monthly second lowest cost silver plan (SLCSP) premium, and C. Monthly advance payment of premium tax credit.
Since, I received an advance premium tax credit, I am assuming I would only be able to deduct the difference between what I actually paid and the advance premium. For example, If I received $4000 for the year in advance premium, but I paid $5000 in actual premium payments, then I would be able to deduct $1000 as a self employed business expense? Also I would get this by subtracting the column total for C from the column total for A? Assuming column B is just there for reference?
The premium were not deducted from my paycheck. They we post tax dollars paid out of pocket. Thanks
