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TT 2021 Schedule 1 Line 17 - Error Calculating Self-Employed Health Insurance Deduction?
I am preparing a return on Turbo Tax 2021 CD desktop: Although the Form 8962 Line 28 repayment limitation seems to now be fixed, there still seems to be a related problem with the Self-Employed Health Insurance Deduction on Schedule 1 Line 17. The TT calculation is acting as though the repayment of the Excess Advance Payment of the Premium Tax Credit is still limited to $1350 (single) even though Form 8962 Line 28 repayment limitation has been removed. (Form 8962 Line 5 is 401%) I have checked that this is not a problem in getting the optimal value via the Iterative Calculation Method. The Self-Employed Health Insurance Deduction is being calculated as the amount already paid for health premiums plus a repayment of $1350. This results in a much lower value because the actual full Excess Advance Premium Tax Credit Repayment (Form 8962 Line 29) is much more than $1350 in my case. The repayment limitation problem was discussed in the January 20, 2022 post; "TT 2021 Form 8962 - Error calculating repayment limitation?"