BillM223
Expert Alumni

Deductions & credits

So you entered in the Schedule C interview both your health insurance premiums of $13,070 and your LTC of $648? This would be under Insurance Payments under Let's Write Off Some Business Expenses.

 

TurboTax would add both these amounts to the $13,070 coming from the 8962. So please remove the entry of $13,070 for the health insurance from the Schedule C interview (since you can't stop the transfer from the 8962).

 

The thing that puzzles me is how you got $14,491 when your 8962 premiums are $13,070 and your LTC is $648. Do you see a $773 anywhere?

 

NOTE: you said that your health insurance premiums were $13,070 but the 8962 says $13,068, but I don't know if any limitation was applied. So don't be too concerned yet about a $2 discrepancy. Let's work through this first.

 

When you remove the $13,070 (or $13,068) from the Schedule C interview, what happens?

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