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Level 2
March 25, 2025

Form 1099-A for a small business owner

  • March 25, 2025
  • 1 reply
  • 6 views

I have a small business Schedule C Client. with a 1095-A.  Using ProSeries If I link the 1095-A to Schedule C, an income adjustment comes up on form 1040 equaling the premium tax credit column.  Can someone please explain this?  It does not happen if the client does have not a Schedule C.  Pub 974 is unreadable..

    1 reply

    sjrcpa
    Level 15
    March 25, 2025

    Does it equal the premium tax credit amount, or the amount the taxpayer paid after the allowable credit?

    The more I know the more I don’t know.