@tk94110 wrote:
I am on Obamacare. This client that was forced to classify me as W-2 employee by the labor law did not give me any benefits (except for paid sick-leave as mandated by a local ordinance). I was covered by an Obamacare plan for the whole time of 2020.
So you can claim the self-employed health insurance deduction for the Obamacare premiums that you paid, but only up to your net self-employment income minus the deduction for half the self-employment tax. And you can only use the premium amount that you actually paid yourself, not the portion that was paid by the Premium Tax Credit.
There is a tricky interaction between the self-employed health insurance deduction and the Premium Tax Credit. TurboTax will guide you through it. But if you are also allocating the Form 1095-A between you and someone else who is not on your tax return, TurboTax does not support shared policy allocation of a Form 1095-A together with the self-employed health insurance deduction.
