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Credit for Small Employer Health Insurance Premiums

Mary SASLLC
Level 3

Hello,

If an employer does not have a market place identifier and secured the health insurance for employees through a third party, would the employ still be able to claim the credit for small employer health insurance premium? if yes, how would it be entered. I am following the direction in this link btw for proconnect tax online, however, I am stuck at the market place identifier number.

https://accountants.intuit.com/support/en-us/help-article/business-tax-credits-deductions/generating...

 

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2 Comments 2
TaxGuyBill
Level 15

Does the insurance qualify?

For the most part, it must be from a Marketplace SHOP plan, which should presumably have a Marketplace Identifier.

But there are some exceptions to the the Marketplace SHOP requirement. 

At any rate, if the taxpayer does qualify for the credit and there is NOT a Marketplace Identifier number, just leave it blank.

Mary SASLLC
Level 3

Thanks for the response, I believe the insurance does qualify. I would leave it blank and see if the credit flows through to the 1040 and SCH C. 

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