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Deductions & credits
@ColeenD3 Yes to the first two. On your question about Schedule C income -- I am confused. I report my self-employment income through a K-1, so Schedule C is not applicable. I have entered the K-1 information. Additionally, the "Learn More" link next to the "I'm self-employed and bought a market place plan" links to the below help topic, which indicates in the last point that my K-1 income qualifies as self-employment and that I should receive the deduction by entering my 1095-A information. Which is back to where I started -- it's entered but not working. What am I missing?
Additionally, I have been through the Schedule C questions, and it clearly states that no 1095-A information should be entered in the expenses section.
If you reported self-employment income on any of the schedules listed below and you used that income to buy health insurance through Healthcare.gov or your state Marketplace, you can deduct your premiums on your taxes. However, you need to tie that income to your 1095-A so we can properly calculate the deduction amount.
- Schedule C – Self-employed business income
- Schedule F – Farm income
- Schedule K-1 partnership – This only counts if you earned self-employment income from that partnership, which means you would have an entry on Line 14 of your K-1 from that partnership.
- Schedule K-1 S corporation – This only counts if you have a W-2 from that S corporation and are an owner with more than 2% interest in the S corporation.