topic Problem with form 1040 re self employed health ins deduction in Business & farm

Problem with form 1040 re self employed health ins deduction

Benny12 — Mon, 02 Mar 2026 21:42:32 GMT

Form 1040 schedule 1 line 17 - my actual yearly premium paid was $8,293. Line 17 shows it as $14,252. My premium was input on my LLC K1 - box 13 code M as $8293. Don't know how the 1040 has almost $6000 more.

Re: Problem with form 1040 re self employed health ins deduction

RobertB4444 — Mon, 02 Mar 2026 22:50:48 GMT

Did you have healthcare through the online marketplace? The system pulls your payments from there and puts them in the self-employed health insurance deduction directly.

Re: Problem with form 1040 re self employed health ins deduction

Benny12 — Tue, 03 Mar 2026 17:17:37 GMT

I did have insurance through the online marketplace. I have form 1095A (supplied by marketplace) form 8962 and form 7206. 7206 is the Self Employed Health Insurance Deduction form - the system filled it out and on line 14 it has $8293 with instructions that it go on the 1040 Schedule 1 line 17. But the sched 1 line 17 was also filled out by the system for $14252, the incorrect amount. Unless there's something else at play that I'm not picking up on, that figure will have to be changed/overridden by me. Thoughts??

Re: Problem with form 1040 re self employed health ins deduction

MaxA1 — Thu, 05 Mar 2026 00:50:36 GMT

Do you have to pay back any advanced premium tax credits? If so, whatever you need to pay back would be included in the 1040 Schedule 1, line 17 amount.

Re: Problem with form 1040 re self employed health ins deduction

Benny12 — Fri, 06 Mar 2026 04:29:57 GMT

That's a good thought, but no, I don't have to pay back any premium tax credits. Obviously I can't claim $5959 more for health insurance premiums than I paid. But I'm unable to change or override line 17. So I don't know what to do. Must be some kind of a work around but I don't see it.

Re: Problem with form 1040 re self employed health ins deduction

RobertB4444 — Mon, 09 Mar 2026 18:51:43 GMT

And you have not entered health insurance premiums anywhere else in your tax return, correct? The only place that the health insurance premiums have been entered is with the 1095-A onto form 8962 and nowhere else?

Re: Problem with form 1040 re self employed health ins deduction

Benny12 — Wed, 11 Mar 2026 03:10:57 GMT

Hi Robert: During the interview I had to enter the amounts from the different boxes on my K1. One of them was box 13 with code M - Amounts paid for medical insurance. I entered $8293. After your response, I went back and deleted that code and deleted the $8293. The 1095 A is ok and the 8962 re-populated. It was a fairly easy fix. I just never thought of the K1 as the culprit. I really appreciate your help. Thank you!