I am self employed filing on schedule C. I purchased health insurance through the exchange for 2020 and received an advance premium tax credit. It turned out my income for 2020 was higher than expected and I would not have qualified for the premium tax credit. But, due to the Rescue Plan Act I am not required to repay the excess advance premium tax credit that I received. However, turbo tax is taking the full amount of the health insurance premium as a deduction for self employed health insurance on Schedule 1 line 16. In other words, the amount on my Form1095-A in part III column A is the same as the amount on Form 1040 Schedule 1 line 16 despite the fact that the excess advance premium tax credit on Form 1095-A part III column C was forgiven. Is this correct? It doesn't seem like I should be able to get a deduction for the portion I didn't have to pay.
Thanks for your help-
