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SE Health Insurance Deduction and 1095-A

Forum|Forum|4 years ago
April 7, 2022
5 replies
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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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Best answer by qbteachmt

No override. The point is, you looked for it in the wrong place. Not Credit, but Adjustment.

The Form 1095-A has a function to link it to the Sched C. Did you link it?

Level 15

"as a credit on Schedule 3"

Schedule 1, Part II. Line 17.

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kindracpaAuthor

Level 3

I have to do an override to put that amount on that row. Does that sound right?

qbteachmtAnswer

Level 15

No override. The point is, you looked for it in the wrong place. Not Credit, but Adjustment.

The Form 1095-A has a function to link it to the Sched C. Did you link it?

Don't yell at us; we're volunteers

Level 15

"getting a full deduction"

It is limited by the business income. Did the business make enough?

Don't yell at us; we're volunteers

kindracpaAuthor

Level 3

It did. Thank you for your help! I missed the link at the bottom of the 1095-A