Wow, thank you so much for all of your kind advices!
I didn't take any advance credit. I followed all instruction carefully as noted above, now I got very interesting number hoping I am right...
My annual total heath insurance premium on 1095 A was $10,800 (annual silver plan premium $12,324). Finally, I got sch1 -line 16 $4591 and PTC $6209 totaling $10,800.
Can anyone tell me if I did right this time?
Another interesting thing is taking PTC and SEHI (amount not covered by PTC) gave me the best result.
BTW, I am doing this for 2020 year trying to figure out if I should get HI premium payment reimbursed by my S.corp at the end of year. I have exceptionally low income about $57,000 this year. (married filing jointly with one dependent) I thought initially I could take only one of SEHI deduction or PTC. After I tried on Turbo tax, I realized taking only PTC give me more refund than taking only SEHI deduction. So I thought I shouldn't get reimbursed for HI by S. Corp.
So far what I can tell is it would be better to get HI premium reimbursed by S.corp and take both HI deduction and PTC.
I hope I understood correctly....
Thank you so much!
