TAXMAN Posted June 26, 2017 Report Posted June 26, 2017 I have not run into this one before. TP is Schedule C with health care through obamma care and the 1095 a. TP also received back owed SS jacking the ss way up. Question is do I figure the ss benefits first without the heal care or do you figure HC first with all the ss in one year. Due to the fact TP income in back year is less could allow for less SS being taxed. I do not know which way to start this mess. Thanks guys for helping me figure this one out. Quote
Abby Normal Posted June 26, 2017 Report Posted June 26, 2017 You report the Social Security in the year it was received but you can calculate the tax as if it had been reported in the earlier years. MAGI is calculated before the PTC. Quote
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