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Level 1
April 27, 2021
Question

self employed health insurance deduction with forgiven PTC

  • April 27, 2021
  • 2 replies
  • 6 views

Proseries isn't reducing the calculation for self employed health insurance by the "forgiven" clawback of ACA insurance

I have researched everywhere, and can find nothing that addresses this

I would think we can only deduct what was actually ultimately paid out.

 

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2 replies

Just-Lisa-Now-
Intuit Community Champion
April 27, 2021
I think you'll also find an error and it cant be Efiled until they release an update to fix it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
April 27, 2021

There are rumors that ProSeries will be correcting it later this week with an update.

Another option is NOT link the 1095-A/8962 to the business, and just enter the actual cost in the place for non-Marketplace insurance.