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$4,800 in health insurance premiums paid - and $0 APTC. Linking 1095-A to Sch. C stunts the deduction down to $1,500. I want to see the iterative formula, but ProSeries does not show it. Can I not link the Form 1095-A to the Schedule C, and instead make a direct entry into Line A1 of the SE Health & LT Care Dedn Wks? There is high enough profit to accommodate both tax payer's SEP IRA contribution and the the full SE health insurance deduction... I think that the ProSeries iterative formula is somehow looking for an APTC that is not present. Have performed manual calculations in worksheets from Pub 974 & Pub 560... should be allowed full SE Health Insurance deduction from what I calculate.
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The full SEHI gets reduced by the amount of PTC. Using your round numbers, I would expect to see an 8962 with $3,300 of PTC which then flows to Schedule 5 line 70 and 1040 line 17.
If that's not there, then I agree, you have a problem, don't put the shovel down just yet.
Rick
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And for folks with good planning skillz, if it's December 15th and you're at 399% of FPL, stop working, it's time for a vacation.
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