Form 7206, Schedule D, and SEHD not calculating correct?

Taxes were inputted into TT. The note at the bottom of Form 7206 had what I believe is the correct amount for the self employed health care deduction. This amount shows up on Schedule 1, line 17. All good.

I got a 1099-B for a small, $25 MF sale (Vanguard Fee) that has a gain of $19.63. This is my only 1099B. I add it into Turbotax and my refund drops by $630. That can't be correct. I chased it down and the non-transparent calculation on Form 7206 for the SEHD is now $2,083 lower. Something is not right here. Any thoughts on how to fix this.

2785

Expert Alumni

Mar 29, 2024 6:08:32 AM

This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?

Level 3

Mar 31, 2024 8:25:21 AM

Thanks. That referenced thread is labeled "Solved" but the message says they are working on it. I believe it is still calculating incorrectly.

Expert Alumni

Apr 8, 2024 6:32:53 AM

Yes, the link that you were provided shows that the issue is still being worked on, and you can sign up there to receive updates. @J000059

Level 3

Apr 8, 2024 9:27:51 AM

Thanks Isabella. I signed up and am receiving notifications every couple of days that TT is working on it.

I went ahead and filed last weekend. I will likely file an amended return once this issue is repaired in TT.

Thanks

Level 3

Apr 18, 2024 3:42:33 PM

I received notice that this error has been corrected by Turbotax. I went into Turbotax, did the update, then went back through the issue and unfortunately it is still not repaired.

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Form 7206, Schedule D, and SEHD not calculating correct?

This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?

This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?