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Deductions & credits
When you enter your form 1095-A in TurboTax, you will be asked if you are self-employed and bought a Marketplace plan. Also, you will be asked what business in TurboTax the insurance applies to. That is how the Marketplace insurance is designated as self-employed health insurance, so you don't need to enter it elsewhere in the program.
If you did not purchase your insurance through the exchange, you need to enter the premiums in the business expense section. If you have insurance through the exchange, your health insurance deduction may be limited, that is why you need to enter it in the 1095-A section if that applies to you.
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‎April 13, 2021
8:03 PM