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Level 2
March 14, 2022
Question

adjustment to self employed medical for aptc

  • March 14, 2022
  • 2 replies
  • 10 views

schedule 1 part II line 16 A premium tax credit amount does not populate

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2 replies

qbteachmt
Level 15
March 14, 2022

This all seems a bit cryptic.

Are you asking about Advanced Payment, or the Credit because there were no Advanced Payments? Or, the Self-Employed Health Premium deduction that would be allowed as an above-the-line deduction, as long as there is enough business income to take that deduction?

Don't yell at us; we're volunteers
Level 15
March 14, 2022
  1. Have you 'linked' the 1095-A/8962 to the business?
  2. Does the 8962 seem to be populating correctly?  If not, have you gone through the error-check to check for all errors (such as marking the box that the taxpayer is NOT a dependent)?
  3. Does the business have a profit, AFTER taking into consideration any employer-retirement plans?
  4. (a) What is the total amount of premiums (column A)?  What are on lines 24-29 of the 8962?