Curtis D. asked

💰  Tax

I am a Schedule C self-employed individual on the 1040. I had a Marketplace insurance plan in 2021 and had to repay an excess advance payment premium tax credit of $2700. Can I expense that repayment on the self-employment income or carry it on Schedule A as a medical expense?

February 13th, 2024

Traci P. answered

The repayment of the excess advance payment premium tax credit for a Marketplace insurance plan in 2...

February 13th, 2024

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