Premium tax credit from health exchange payback counted as medical expenses?
I was unemployed for 3 months of the year and got health insurance from WA state exchange, and was qualified for premium tax credit for about 700$ a month. And my yearly income is above the 400% poverty line so I assume I'll need to pay back those tax credit.
Question:
1. Will these be counted as medical expenses if I decide to itemize my return?
2. How does turbotax handle it in this situation. After I enter my 1095-A from the state exchange, will it automatically counted towards the medical expenses? Or do I need to enter them somewhere?
Thank you