I am using TurboTax Home & Business 2020. When TurboTax has you input information from Form SSA-1099 (for social security payments), it has you enter, among other things, the amount of the Medicare Part B premium deduction. Then TurboTax automatically places this Part B premium amount (which is for a type of health insurance) in the health expenses section of Schedule A for itemized deductions.
However, this apparently does not take into account the situation where one, like me, is self employed and qualifies for having this Part B premium amount appear as a self-employed health insurance deduction under the "Adjustments to Income" portion of Schedule 1, instead of appearing in Schedule A. This can result in a more favorable deduction.
The only way I could figure out to fix this is to override what TurboTax wanted to do by going straight into the Forms section of TurboTax and manually removing the Part B premium amount from the Form SSA-1099 input screen, and by making sure it was included in the Adjustments to Income of Schedule 1 form.
Am I correct in understanding that this is a bug in TurboTax? Is the manual override described above the best way to handle this?
