Deductions & credits

@DaveF1006 

 

I am using desktop Windows version

 

K-1 is linked to 1095-A

K-1 shows medicare wages over health insurance premiums paid, but the box underneath is empty as instructed because the health insurance premiums are recorded in 1095-A

 

I believe that the calculated memo at the bottom of "Self-Employed Health and Long-term Care Insurance Deduction Worksheet" is doing an iterative calculation to resolve the recursive issue between premium tax credit and self-employed health insurance deduction and AGI. That's good.

 

However, the sum appearing 1040 Line 16 is the sum of 1095-A line 30, column A and the sum calculated in the the calculated memo at the bottom of "Self-Employed Health and Long-term Care Insurance Deduction Worksheet" 

 

This is incorrect. The 1040 line 16 should be LESS than 1095-A Line 30 Column A, not more. 

 

The 1040 Line 16 should not be greater than the total in 1095-A Line 30 Column A, and should be reduced by something close to the PTC.

 

This is a bug. I am dead in the water. And I cannot be the only one.  Hope you can help.