No the repayment does not drop. I am way over 400%.
What I did was calculated my AGI without the deuction for self-employed heath insurance. Then calculated the allowed PTC. Substracted that from my health insurance premiums to determine deduction. Calculated AGI witth deduction, Then repeated the calulation for new PTC and deduction. Again substracted from orginal AGI and repeated calculations. I did this until the numbers for the ptc didn't change by more than a dollar.
Orginal deduction was 16,610 followed by 15,198 , 15318, 15308, 15,309
I believe this is right but I need to verify.
Form 8962 calculate my repayment as $7967 which is what TT says I need to repay. However shouldn't this number be reduced based on the circlar calculation due to the above the line self-employed healthcare dedection? My allowable PTC based on 8962 is 14506 but based on the calculation method above it should be 15807.
