Hello,
I filed my taxes yesterday and it seems like it was accepted by the IRS and the Franchise Tax Board but, I’m concerned that it might be flagged for missing the Form 7206: Self-Employed Health Insurance Deduction. I’m not sure how to check if the form was even transmitted to the IRS because it doesn’t show in the column that lists all Federal Forms. I have a desktop version of TurboTax. When I printed the return, the form 7206 was missing so I went for a search field to locate the form. When I tried to open the 7206 form it opened as it appears a 7206 WORKSHEET. instead. And the total amount paid in 2024 for self employed health insurance coverage Line 1, 3 and Line 14 are BLANK! Line 14 instructs to enter Self Employed Health insurance Deduction there and on Schedule 1 Form 1040 Line 17. Line 17 on schedule 1 appears to have the correct amount so, why is Form 7206 worksheet is missing this information on line 1, 3 and 14 ? Then, there’s a footnote on this 7206 worksheet stating
”a self-employed health insurance deduction of $7,460 from premiums paid trough exchange is included as an adjustment to income but doesn’t appear on this worksheet “ I don’t understand why TurboTax didn’t generated or asked me to fill out any information on Form 7206 but, produced 7206 worksheet with missing amounts and a footnote?
What should I do now? Wait and see if IRS contacts me and asks me to provide this form or should I go ahead and amend the return?
Tried to contact TurboTax to speak to a live person but couldn’t unless paying a fee! I can’t believe that to ask this technical question one has to pay a fee!!! I don’t need a tax expert I need technical support and couldn’t get any. Has anyone else encountered this problem and what was your solution?
Can someone from TurboTax support team help me with this issue?
