MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?

[TaxGuyBill]

MAGI for Form 8962 is not supposed to add the 1/2 SE tax back, so the program is doing it correctly.

[AnaGrahm]

Do you know TaxGuyBill where then my real Magi is indicated? And what will the health exchange consult to confirm the Magi for eligibility issues?

[AnaGrahm]

Do you know TaxGuyBill where then my real Magi is indicated? And what will the health exchange consult to confirm the Magi for eligibility issues?

[TaxGuyBill]

As you pointed out, it is on Line 2-3 of Form 8962.

[AnaGrahm]

Lines 2 and 3 should not be the same for self-employed persons. The form is autogenerated by TT, which is not adding back in half of self-employment tax, as required by the IRS. This system glitch makes the calculations incorrect. Users beware.

[TaxGuyBill]

As I said before, MAGI for purposes of the Premium Tax Credit should NOT add back 1/2 SE tax.  The program is correct.