I entered my health premiums in the business expenses area as I am self employed. I also entered 1095 info even though I do not get a premium credit. It now looks like I am getting double credit for these premiums in schedule A .. Software gives allowance/offset for some of premium vs profit from my self-employment but Schedule A worksheet Line 1 seems to include 1095 amount as well as unused self-employment premium. Thoughts?
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When you enter your 1095-A in the health insurance section, and answer the question about whether you are self-employed, TurboTax will ask you to link your 1095-A to your business and complete the entries for the self-employed health insurance deduction. Your other entry during the self-employed interview questions may have created a duplicate entry, and deleting that entry may solve the issue.
The TurboTax navigation questions aside, the "right" answer is that the premiums are deductible as self-employment health insurance to the extent you have self-employment income, with any remaining premium deductible on Schedule A. So, as a workaround, you could eliminate the duplicate premiums by deleting or entering a negative number to offset the duplication in the Medical section.
How do I change an entry in the self-employed interview? When I go back to that section and click on self-employed health insurance, I only get a message that a "deduction has already been calculated". To change any amounts, I am instructed to go back to the topic where I entered the premium, which is what I did to get this message. Seems like I am caught in a loop.
Thank you
If you entered your 1095-A in the health section and again in the Self employment section, delete your health Insurance from the self employment section by following the steps below:
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