Self Employed Health Insurance is much more than my premium

[ephian]

The figures for my Self Employed Health Insurance are wrong and are being overstated.

My actual premium was 20,218.  That is reported on correctly on form 7206.  Schedule 1 is shows 44,194.

It looks like it is duplicating this because it is adding the premium reported on my 1095-A.

How so I fix that.

Also, on 1095-A I have 5,220 of PTC that needs to be repaid.   I see that goes in as an additional tax line.  Do I add that number in to the premium so that I get a credit for it?    

[tagteam]

I will page Champ @Mike9241 for your question for his input. Please check this thread later.

[VolvoGirl]

You only enter it from the 1095-A. When you enter the 1095A there should be a box to check for self employment.  If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section. So you shouldn't enter it again on schedule C.  And the repaid amount is a circular calculation.  Turbo Tax handles it.  

Self Employed health Insurance does not go directly on Schedule C so it will not reduce your Net Profit or self employment tax.

If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 Schedule 1, and the remainder gets added in to medical expenses on Schedule A.