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Deduction for Self Employed Health Insurance bought through Marketplace
Hi
I own a business (S-corp so I get K1) and paid for Health insurance that I bought through NY State Marketplace. I entered 1095-A info as TurboTax requested and it calculated the credit correctly. However the rest of the the deduction doesn't go to line 17 Schedule 1 in order to get deducted from Business income. It goes into regular "Medical Expenses" that need to itemized and I subject to 7.5% of AGI rules. I tried to edit line 17 manually through Forms but TurboTax doesn't let me do so. Is that a bug? I'm using TurboTax Home & Business 2023.
Thanks
Topics:
March 25, 2024
10:33 AM