ciancec
Returning Member

Self employed

Hello Dave,

 

 I believe I have resolved my issue. Upon further review I discovered that different Modified AGI are used to compute the Self Employed Health Insurance Deduction and the Premium Tax Credit. It would be helpful if Turbo Tax would provide a separate schedule on which they show the calculations for the Self Employed Health Insurance Deduction instead of reporting it as a foot note at the bottom of form 7206. This schedule would be a useful detail of the calculation should the issue be raised during an IRS examination of the US Federal Individual income tax return.

 

Please confirm my understanding of the issue.

 

Thank you for your time and attention to this matter

 

Regards,

 

Eugene C. Cianciulli