Form 7206 Line 14 Not Translating to Schedule 1 Line 17

[couldthatbe]

I am using Turbo Tax Home and Business - Form 7206 Line 14 has a correct value for my self-employed health insurance costs.  The line states that the value should be entered into Schedule 1 Line 17; however, that line does not have the correct value from Form 7206 Line 14.

[AnnetteB6]

To take a closer look at this situation if would be helpful to have a diagnostic copy of your tax file experiencing the issue.  

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[couldthatbe]

Diagnostic token number is 1188722.

[AnnetteB6]

Thank you for providing your token number.  After taking a closer look at your return, everything is correct even though it does not appear to be.  

Take a look at your Form 7206 again.  At the bottom of the page, there is a note  that states the following:  

A self-employed health insurance adjustment of $xxx.xx from premiums paid through an exchange is included as an adjustment to income but does not appear on these worksheets.

The amount shown in the note is the difference between what you expected to see and the value actually reported on Schedule 1 line 17.  

@couldthatbe 

[MPT47]

I have a very similar issue, but I do not see the disclaimer on the bottom of form 7206 that would explain the discrepancy. Any thoughts?

Token: 1192846

[couldthatbe]

@MPT47 For me, the disclaimer only shows up if you look at the form within TurboTax (menu View > Forms). If I print the Form 7206 the disclaimer does not show up.

[MPT47]

Thanks, unfortunately I don't see that menu anywhere. Perhaps it's only available after returns are filed? A bit of a catch-22 if I can only confirm it's correct after filing...

[couldthatbe]

@MPT47 Sorry, I forgot to mention, I am using the desktop version. I don't know how to view forms if you are using the web version.

On the desktop version you can view the forms at any time using the View menu option and then Forms.

[iusdcm1]

I agree, the disclaimer does not show up when you print the 7206 form.  So how would the IRS know amount the disclaimer note?  Or if I don't e-file how would they know?

[iusdcm1]

I agree with another user, the form 7206 disclaimer does not show up when you print the 7206 form.  So how would the IRS know there is a disclaimer note re self employed insurance expense on form 7206? 

[MPT47]

@AnnetteB6 would you be willing to have a look at this for me? I'm truly baffled by the discrepancy and I think it's due to an error in the software, in my case. I can't find any documentation from IRS or other sources that would explain this.

[couldthatbe]

@MPT47  I don't know if Intuit has gotten back with you or not. But they may consider this problem as "closed". If you have not heard from them I would suggest making a brand new topic entry, and they will probably see it.

Good luck.

[MPT47]

Thank you. I contacted customer support about this and I think I was able to convince them that it may be a bug (also possible that it is correct, but just not explained clearly on the tax return). I believe they are looking into it.

[iusdcm1]

Thanks for the letting us know you contacted TurboTax. Please let us know if you hear back. 

[iusdcm1]

FYI I just contacted support too. The support person does agree it’s an issue (form 7206) and she said she will reach out to her colleagues. 

With that said, I do believe TurboTax thinks the issue is resolved but it clearly is not. 
This is becoming very frustrating.