topic I had to repay all obamacare subsidy in 2016 because i miscalculated my 2016 income (payment was made in 2017). Can I claim it on my 2017 tax return and how much? in Get your taxes done using TurboTax

I had to repay all obamacare subsidy in 2016 because i miscalculated my 2016 income (payment was made in 2017). Can I claim it on my 2017 tax return and how much?

npham27 — Thu, 06 Jun 2019 15:44:12 GMT

As in know, i can't claim medical expense including insurance cost.

No, there is nothing deducted on your 2017 tax return for...

TaxGuyBill — Thu, 06 Jun 2019 15:44:14 GMT

No, there is nothing deducted on your 2017 tax return for a 2016 repayment of the Advance Premium Tax Credit.

That repayment was added to your deductible health insurance costs on your 2016 tax return.

Where would this be shown as a medical deduction? For my...

sj2575 — Thu, 06 Jun 2019 15:44:14 GMT

Where would this be shown as a medical deduction? For my situation, in 2016 I had to repay $1275 which was entered on Line 46 of form 1040. It is included as a portion of my payable taxes.

In most cases it would on Line 1 of Schedule A, on your 2...

TaxGuyBill — Thu, 06 Jun 2019 15:44:16 GMT

In most cases it would on Line 1 of Schedule A, on your 2016 tax return. TurboTax puts it there automatically, so you don't need to enter anything.