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Married couple are in an S-corp which uses ACA, paying full premiums. Each has a W-2 of 42K medicare wage. I filled out Form 1095 where they got zero subsidy. I hoped this would flow into Form 7206, it didn't. All help will be appreciated.
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Is the deduction showing up on Schedule 1?
If not, did you 'link' the 1095-A to the S-corporation? On the K-1 worksheet, did you enter the Medicare wages in the health insurance section?
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Are the Medicare wages paid on the W-2s also considered a deduction in addition to the ACA premiums they paid? If so, I have overlooked this in prior years!
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@Greta wrote:
Are the Medicare wages paid on the W-2s also considered a deduction in addition to the ACA premiums they paid?
No.
But that is needed in order for the Self-Employed Health Insurance deduction to calculate because the deduction can't be more than the Medicare wages on their W-2.
