Deductions & credits

Thanks for the reply. I've now found some guidance within the program that supports what you say, but that also avoids the easily misinterpreted phrases about paying for, or buying, or purchasing insurance through healthcare.gov or a state marketplace.

 

For those who want to see it themselves, it's under Business Income and Expenses.


Self-Employed Health Insurance

Self-employed health insurance must be entered under each corresponding business..."

 

Under that is a link labeled: What if I got insurance through Healthcare.gov or a state marketplace? That link takes you to this info:

 

You can deduct up to 100% of health insurance premiums for you, your spouse and your dependents if you are self-employed and have a net profit from the business for which you created the plan.

 

What if I got insurance through Healthcare.gov or a state Marketplace?

If you signed up for a health insurance plan through Healthcare.gov or your state Marketplace or exchange, do not enter the premium amounts you paid in this section. We'll get the details on those plan premiums in the Health Insurance section. These are included on your 1095-A, a new IRS form that you will receive from your Marketplace.

 

Yes! I signed up for my insurance through Healthcare.gov, but I didn't pay my premiums there.

 

I again want to emphasize how important it is, with program instruction (are you listening Intuit/TurboTax?) or advice here (ideally, in all language) that ambiguous terms be avoided. Even if those words are commonly used in the context of the subject at hand, replacing them with unambiguous terms provides a better chance of clear understanding. Especially when doing their taxes, no one wants to feel unsure about exactly what is meant.