No. All of my income comes from self-employment. The amount of regular marketplace exchange healthcare premiums = $13,070. The amount of long-term healthcare premiums = $648. I receive no premium tax credits. My self-employed income is well over the cost of my healthcare premiums.
I get the message: "A self-employed health insurance adjustment of $13068.00 from premiums paid through an exchange is included as an adjustment to income but does not appear on these worksheets" on the Self-Employed Health and Long-Term Care 2020 Insurance Deduction Worksheet. I cannot remove this incorrect adjustment that Turbotax is adding, so Turbotax fills out line 16 Self-employed health insurance deduction with $27,559. This number is far above what I paid in premiums, so it cannot be right.
