kindracpa
Level 3
04-07-2022
04:19 PM
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I have a client that has a schedule C and should be able to deduct all of their health insurance premiums based on the income of the business. They purchased insurance through the exchange and did not take any credit. When I fill out the SE Health Insurance form it says not to include any amounts included on the 1095-A. It does not look like they are getting a full deduction for their insurance premiums as a credit on Schedule 3, but the rest goes to Schedule A as a medical expense and they do not itemize. Am I entering something wrong? How do I make sure they receive the full deduction?
Any thoughts would be greatly appreciated!
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