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CCH Axcess Tax

Self-Employed Health Insurance Premium

ALL qualifying period premiums should be entered including any amounts reported on IRS 1095-A..

The calculated deduction is reduced by any allocable premium tax credit and limited to the self-employment income entered in the "Net Earnings From Self-Employment" box reduced by depreciation and Section 179 expense. The allowable portion carries to Form 1040 and the remainder to Schedule A.

This deduction is subject to the basis rules, unless an entry is made in the Basis Limitation section, Exclude SE Health Insurance from Basis Limitation field and when not all at risk, this deduction is subject to the at risk rules, unless an entry is made in the At-Risk Limitations (Form 6198) section, Exclude SE Health Insurance from At-Risk Calculations field.

Make this entry once per passthrough entity. Do NOT enter on an activity-by-activity basis.

If an amount is not entered and input on the IRS 1095-A is associated with the activity, the amount of the premium from the IRS 1095-A is used in the above calculation.