Self employed

@PatriciaV 

 

This makes no sense whatsoever.   Why in the world is TT making that adjustment?  At the bottom of Form 7206 it says the deduction for self-employed health insurance is the LESSER of box 13 and 14.  In my case, that is $5,264.   That additional adjustment mentioned at the bottom of 7206 ignores the "lesser of" instruction and selects the higher number in box 13, $12,672 in my case.

 

The adjustment TT is making has the effect of cancelling out any possible health insurance deduction.  The calculation makes the deduction zero in every case.  I could see if my excess PTC of $2,644 was used as the offset, but it's not.