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Level 3
March 18, 2025
Question

Form 7206

  • March 18, 2025
  • 1 reply
  • 0 views

I filel schedule C self-employed. I purchased my health insurance on the exchange.  I received a 1095A  which reconciles the subsidy I received.  Form 7206 is not calculating anything for my insurance on the exchange. There is a note at the bottom of the form that says it will not calculate because the insurance is on the exchange. However, the correct amount is showing for my self-employed health insurance deduction on schedule 1.  I get to deduct the remainder of health insurance I paid for on the exchange, Les and the subsidies   My question is if I am self-employed and get insurance on the exchange and some subsidies will form 7206 be required to file my return?  It is not completing the form on TurboTax desktop. 

1 reply

Level 15
March 20, 2025

Form 7206 is not required since you are filing form 8962.

 

@lmr57 

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