Yes, but it also makes and adjustment for any additional credit you are receiving on your tax return, or any amount that you are required to repay. It also uses a special (and complicated) circular calculation to give you the proper deduction and credit.
The deduction will show up on Line 29 of your tax return.
Only enter the insurance premiums in the Healthcare section. Do not enter them elsewhere, such as in the Business section of your Schedule C.
