Form 7206

[LGS11]

Having similar problem. I have marketplace insurance and nothing entered on the 7206. But, Turbotax is generating it and will not let me delete. As a result the return is wrong due tothe SE credit it is applying and will not let me delete or edit the form!  So frustrating 

[ee-ea]

@LGS11 

A TT employee posted this

We know some of our customers have had issues with Form 7206. Please use this FAQ to sign up for notifications.

[Glenn]

When is it now expected that I will be able to efile with this form?  I have the Home and Business version.  Need to decide whether to stay with Turbo Tax or take the hit and move over to H&B where this doesn't seem to be an issue.

I signed up for the notification several days ago and have so far nada.

[LGS11]

All I keep getting is emails saying they are working on it. BUT, nothing yet and still unable to delete the erroneous 7206 the program is creating. I have marketplace insurance, that is noted, but Turbotax keeps adding the 7206 along with a credit that is not correct! 

Come on Turbotax! I can't delete or edit the form, can't file because it will give me too large a refund, and already paid for this program.....

How long before Turbotax refunds the $ pent and also pays the additional cost it will take to pay a preparer or get a new program???? This is getting ridiculous!

[LGS11]

I have done all of that and it is still not possible to delete or edit the form.......so post not correct for anyone but you perhaps? And Turbotax keeps emailing saying they are working on it...but so far still the same errors and cannot correct so able to file

[CatinaT1]

Please call TurboTax Customer service.  Here is a link:  Turbo Tax Customer Service 

[doubleO7]

Called TT customer service. Sent them the token. Issue still not resolved.

[Cynthiad66]

A token, most likely, will not resolve your issue.  Here is our latest update regarding the Form 7206.

Some TurboTax customers may be experiencing an issue/error because TurboTax is adding an incomplete Form 7206 when customers are not required to file it after entering a 1095-A with the box checked for "I'm self-employed and bought a Marketplace plan".

We’re currently working to resolve this issue. If you’d like to receive progress updates, sign up below.

Sign Up Here for Updates

@souble07

[mchishol]

Thanks Cynthia, this explains the exact issue I am facing and several others as well.  Any guidance on when this will be solved and we can then successfully efile?  Or are we going to have to print out the tax return, physically remove the errant Form 7206 and snail mail the return?  Not what I want to do but is seeming less and less likely that this issue will get resolved in time.

[Cynthiad66]

The goal is that when this is resolved you will be able to e-file.  If this is not resolved, you may have to file by mail but I suggest waiting a couple weeks.  If this is not resolved, there may be a workaround developed.  Hopefully, this will be resolved soon.

@mchishol 

[TriciaH]

I am having also issues with the calculations on form 7206.  I clicked your link for notifications and I get the error "We're sorry we cannot find the page requested".  

I talked with customer service and they do not seem to be aware of this issue.  They denied it was a programming or application issue.  They told me to fix form 7206 manually, but that creates even more problems with the program and the final calculation.  It is unacceptable to pay for software that does not work correctly.  I have used TurboTax faithfully for years but this might have to be the last year if this is not fixed soon!

[Cynthiad66]

The development team has given us an update concerning customers who are receiving the Reject Code R0000-058-01 when trying to electronically file your return. The resolution to this situation is taking longer than expected and it may not be resolved before the tax filing deadline. For reference, this information is from the IRS Instructions for Form 7206:

Generally, you can use the worksheet in the Form 1040 instructions to figure your deduction. However, if any of the following apply, you must use Form 7206.

• You had more than one source of income subject to self-employment tax.
• You file Form 2555.
• You are using amounts paid for qualified long-term care insurance to figure the deduction.

To proceed and get your return filed in a timely manner, please follow this advice:

1 - If you are required to include Form 7206 as a part of your tax return based on the information above, then you need to print and mail your return. Electronic filing will not be an option if the reject code persists.

2 - If you are not required to include Form 7206 as part of your tax return, then you can attempt to delete the Form 7206 and try electronically filing your return once again. If the form cannot be deleted or you still get the reject code, then you need to print and mail your return.

Use the steps in the following TurboTax help articles to delete Form 7206:

How do I view and delete forms in TurboTax Online? 

How do I delete a tax form in TurboTax Desktop (Windows or Mac)? (edited)

@TriciaH 

[Margot F]

Yes my return is rejected  with the "binary" error and I can't get rid of the form 7206.  I have 2 sources of self employment income but since I bought a marketplace plan, it should only be in the 1095A