Hi,
Does anyone know how to advise TurboTax that they may have a mistake built into their calculations?
Specifically...with Form 1095-A data inputs.
TurboTax takes the "Monthly Enrollment Premiums" amounts from the form, and automatically assumes that they are deductible for the year of the 1095-A.
TurboTax does not consider that a premium amount for January might have been paid in the previous year...and therefore is not deductible for the COVERAGE YEAR of the form.
(NOTE - Medical expenses are deductible for the year in which they are paid...NOT THE YEAR THE SERVICE IS PROVIDED.)
The software just assumes everything on a 1095-A was paid in the year the coverage was provided.
TurboTax could get some of their customers in trouble.
It's very possible (even likely??) that a premium for January insurance would have been paid in December of the prior year.
That's exactly my situation. But my TurboTax counts the January premium as a 2019 expense. Now I either need to under-input/report what is on my 1095-A...or I need to let TurboTax file for a deduction that I am not entitled to take.
But I don't know how to advise TurboTax of this disconnect.
I welcome any ideas or guidance you may have.
