I was self-employed for all of 2020, my wife doesn't work (we have no access to other coverage). We bought a health insurance plan through our state's website, and had coverage all year. On our 1095-A, we have about $9K in col A, about $15K in col B, and $0 in col C.
I did not enter the expenses in the business section in TurboTax Home and Business. When I am in Personal --> Deductions & Credits, and enter the information for our 1095-A, on the next page there is a checkbox "I'm self-employed and bought a Marketplace plan."
If I check this box, our refund drops by $9K. If it is unchecked, it goes up by $9K.
This is a huge difference. Does this need to be checked? Does this behavior indicate something else is wrong? If I check it, the next page lets me pick my Schedule C, and I enter January to December for starting and ending months.
As a test, I left it checked, and then changed Col A and B to 0 for a few months, the refund amount did not change at all, indicating that the premiums aren't being included at all in calculations.
Any suggestions?
