Self employed

As a self-employed person, you can have other sources of income that are not reported on Form 1099NEC or Form 1099MISC. If you receive Cash, Venmo, CashApp, and Zelle payments these should also be included as Self Employed Income.

As a self-employed, you are allowed to take various expenses relating to your self-employment which also includes health insurance you paid. All your income and expenses will go to Schedule C of your tax return.

Your Advance Premium Tax Credit payments are not income. Your premium tax credit is based on your estimated tax projection. So you are correct, this should be your adjusted gross income and not your gross income.  

See additional information below on Premium Tax Credit.

The premium tax credit is a refundable tax credit that can help lower your insurance premium costs when you enroll in a health plan through the Health Insurance Marketplace.

You can receive this credit before you file your return by estimating your expected income for the year when applying for coverage in the Marketplace. This counts as the advance premium tax credit. You can also claim the premium tax credit after the fact on your tax return with your actual income. The amount of credit you receive depends on your estimated income and your household information, which you'll report on any application you file with the Marketplace.

If your estimated income falls between 100% and 400% of the federal poverty level for a household of your size, you can claim the premium tax credit. You may use some or all of this credit in advance to lower your monthly premium costs, leaving money in your pocket.

If you use more of your premium tax credit than your final taxable income allows, you'll need to repay the difference when filing your Tax Return. But if you use less of the premium tax credit during the year than you qualified for, you'll receive the difference as a refundable credit on your return.

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