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Level 1
December 7, 2019
Solved

How do we enter aca self employed health insurance if both taxpayer and spouse are self employed and receive one Form 1095-a?

  • December 7, 2019
  • 1 reply
  • 22 views

self employed married couple received a Form 1095-A. both taxpayer and spouse are self-employed. They ended up having to pay back their premium tax credit. However, Lacerte is limiting the amount of self employed health insurance deduction to just one spouse(i.e. the other spouse doesn't get a self employed health insurance deduction). how do we enter this scenario into lacerte so that the premium tax credit is paid back and both self-employed taxpayer and spouse each get a self employed health insurance deduction?

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Best answer by George4Tacks

I would just make a balancing entry in Screen 24 SE Health Insurance, 1st entry put in a positive for one and a negative for the other to make the totals come out even. 

1 reply

George4Tacks
Level 15
December 7, 2019

I would just make a balancing entry in Screen 24 SE Health Insurance, 1st entry put in a positive for one and a negative for the other to make the totals come out even. 

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