AliciaP1
Expert Alumni

Self employed

Column A is your gross premium amount.  Column C is the amount of Premium Tax Credit you received in Advance (APTC).  So your actual cash paid for premiums is $1,993 according to the numbers in your post.  

 

The amount of Premium Tax Credit you are allowed is based on your reported income.  It is requiring you to pay back $6,876 of the APTC you got throughout the year.  Then your SE Health Insurance deduction is also limited by your self-employed income.  

 

So of the $1,993 you paid through 2021 and the APTC you have to pay back of $6,876, TurboTax is calculating you are eligible for $3,346 deduction based on your self-employment net income.

 

@milgracias

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post