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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.     

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Accepted Solutions
CatinaT1
Expert Alumni

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?

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5 Replies
CatinaT1
Expert Alumni

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?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

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

 

IsabellaG
Expert Alumni

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

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 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

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

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

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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