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Can I take both self-employed health insurance deduction and PTC for the same premiums?
I have 100% owned S.corp and have been taking self -employed health insurance deduction on schedule 1. The health insurance is purchased through marketplace, which I get 1095 A for PTC.
My income for this year is very low, so it looks like I can have the maximum PTC.
I tried on turbotax and it actually allowed me to take both.
Can I take both deduction and PTC? Thanks!
‎October 23, 2020
9:57 AM