Since you are reporting guaranteed payments after the year has ended, you will know either 1) how much the company paid or 2) how much the member/partner was reimbursed.
For the individual taxpayer, TurboTax can calculate the eligible self-employed health insurance deduction. After entering Form 1095-A into TurboTax, there is a follow-up question to check the box to indicate Self-employed and bought a Marketplace plan. This will properly calculate the Premium Tax Credit that should have been received.
The amount on Schedule 1 Line 17 is the total from all Forms 7206, Line 1. The top of each 7206 will show wish business reported the amount on Line 1.
[edited 3/7/2024 | 7:01am PST]
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