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chris9
New Member

Health care premiums exceed 1095a for self employed health insurance deduction can I deduct the rest on my Schedule C?

I received a $3600 credit towards my health insurance premiums each month in 2018 but what I paid in premiums is larger than that can I deduct the actual premiums I paid each month on my Schedule C?

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Cindy0H
New Member

Health care premiums exceed 1095a for self employed health insurance deduction can I deduct the rest on my Schedule C?

 Yes. Only your out-of-pocket costs count. Important: Because you had insurance through Healthcare.gov or your state marketplace (as evidenced by your advanced subsidy), you should only enter your health insurance information in the 1095-A section of TurboTax. It will flow the excess to your business information.

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