According to the instructions for Line 17 of Schedule 1, I do NOT need to use Form 7206. That's because I have Marketplace premiums reported on 1095-A, and I did NOT make advance payments of the premium tax credit and am NOT claiming the premium tax credit That said, I am supposed to use the 1040 Self-Employed Health Insurance Deduction Worksheet, not Form 7206. My 1095-A insurance premiums are correctly linking to my Schedule 1, Line 17. That should be the end of it.
Nevertheless, Turbotax Online is auto-generating and not allowing me to delete Form 7206. I would be fine with filing an unnecessary Form 7206 if it weren't incorrect. Inaccurately, it is BLANK (no entry) on Lines 1 and 3, when I believe it should show the aforesaid Marketplace premiums for myself as a self-employed sole proprietor. Turbotax correctly links my 1095-A to my Schedule 1, Line 17 but fails to tie it to Form 7206. As a result, Form 7206, Line 14 incorrectly says $0 for the self-employed health insurance deduction, which contradicts Schedule 1, Line 17. This is inaccurate and I do not want to file with inaccuracies. I tried just deleting Form 7206 by going to "Tax Tools" and selecting the delete button next to Form 7206, but it keeps re-appearing (perhaps because Turbotax also needlessly auto-generates Form 8962, which I also can't seem to delete).
Please help! Although my Schedule 1 is correct, I do not want to file with an inaccurate Form 7206, as I suspect the inconsistency may trigger an audit.
I called your support line and talked to someone for at least an hour. She was not able to answer the question after multiple attempts. She said she would be back to me. I have a ticket number.
I am very frustrated with this process and others have posted about it as well.
Please advise on what Turbo Tax is doing to resolve this issue for form 7206 which is new in 2023. Thank you.
