I'm self employed and buy health insurance on the Exchange and I'm entitled to ACA credits. This means that TT allocates my premiums between SEHID and ACA credits.
TT seems to be doing this correctly, but Line 1 in 7206 doesn't reflect the allocated Exchange premiums from 1095-A. Instead there is a note on the bottom of 7206 reading:
"A self-employed health insurance adjustment of $[______] from premiums paid through an
exchange is included as an adjustment to income but does not appear on these worksheets."
TT: Does that work? Has the IRS accepted this way of reflecting the premiums (even tho it makes various amounts in 7206 incorrect)? Could you at least change "these worksheets" to "this form".
