There are two problems with the 7602.
If you have a calculation error: This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?
If you are getting a reject: The development team has given us an update with regard to customers who are receiving the Reject Code R0000-058-01 when trying to electronically file your return. The resolution to this situation is taking longer than expected and it may not be resolved before the tax filing deadline.
For reference, this information is from the IRS Instructions for Form 7206:
Generally, you can use the worksheet in the Form 1040 instructions to figure your deduction. However, if any of the following apply, you must use Form 7206.
- You had more than one source of income subject to self-employment tax.
- You file Form 2555.
- You are using amounts paid for qualified long-term care insurance to figure the deduction.
In order to proceed and get your return filed in a timely manner, please follow this advice:
1 - If you are required to include Form 7206 as a part of your tax return based on the information above, then you need to print and mail your return. Electronic filing will not be an option if the reject code persists.
2 - If you are not required to include Form 7206 as part of your tax return, then you can attempt to delete the Form 7206 and try electronically filing your return once again. If the form cannot be deleted or you still get the reject code, then you need to print and mail your return.
Use the steps in the following TurboTax help articles to delete Form 7206:
How do I view and delete forms in TurboTax Online?
How do I delete a tax form in TurboTax Desktop (Windows or Mac)?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
