I started an S corp this year. I'm the only owner and only employee. I bought insurance via the marketplace under my name and the company reimbursed me. I underestimated my income when I signed up on the Marketplace. I now have to pay back the excess premium tax credit, capped at $1250.
Because I am a more than 2% owner of an S Corp, I need to include healthcare premiums in my W2. Can I include the $1250? Does it make a difference if the S corp is cash basis? Technically I did not pay the 1250 in 2015, plus I need to file an expense report for reimbursement. Does that mean the $1250 should be claimed next year? I haven't found any official guidance on this, which surprises me as I'd imagine quite a few self employed individuals find themselves in this situation.