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Deductions & credits
No, we did not take Premium Tax Credit. Yes she has a net profit. The net profit is about the same amount we paid for the year in healthcare premiums - so, in my mind, the healthcare premiums as a business deduction would end up having her income at zero for the year - which is more advantageous than deducing the premiums as a medical expense. I use the turbotax online portal, not from a CD.
‎June 4, 2019
12:58 PM