SPECIFICALLY... the IRS Instructions for Schedule-1, Line-17 classifies the need to use Form 7206 as an "Exception" (page 91 of the instructions) which requires the form if any of three specific instances occur;
- more than one source of income subject to self-employment tax
- you file Form 2555
- using amounts paid for qualified long-term care insurance to figure the deduction
IF NONE of these three instances occur, the instructions indicate simply using the "Self-Employed Health Insurance Deduction Worksheet" (also on Pg.91 of the Sched-1 instructions) is sufficient with the resultant value being placed onto Line-17 of Schedule-1 with NO NEED for Form 7206
