Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Self employed health insurance deduction and for 8962

cancel
Showing results for 
Search instead for 
Did you mean: 

Self employed health insurance deduction and for 8962

Tom H2

If you have a client who is self-employed, and they buy insurance on an exchange, they will receive a Form 1095-A .  If that client makes too much money, they need to repay the advance premium credit that they received.  When self-employed, trying to include that repayment as self-employed health insurance deduction is problematic.  Lacerte does a worksheet and wants to treat it as a deduction on Schedule A when it should be an above the line deduction per the IRS. Is there a way to make that amount flow to the self-employed health insurance deduction instead of Schedule A, I had to Mickey Mouse around the numbers to get what I thought was correct!

Status: New
0 Votes
Vote now if this is a good idea