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Question 28 of 45. When both the self-employed health insurance deduction and the Premium Tax Credit (PTC) are on a return, a circular calculation is

Question 28 of 45. When both the self-employed health insurance deduction and the Premium Tax Credit (PTC) are on a return, a circular calculation is generated. The IRS provides two methods to solve this situation. Which of the following statements is NOT correct? The simplified calculation is less accurate than the iterative method. BlockWorks will perform the calculation for you and give the correct result, provided you input the Self-Employed Health Insuranc Deduction and the Form 1095-A correctly. The simplified calculation will always produce the same result as the iterative calculation. The IRS will accept the results of either calculation method

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