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Software glitch on Schedule 1 Line 17?

(1) I have an S-Corp LLC. I entered the health insurance premium in my Schedule K-1 Form 7206, Line 1. 

 

(2) I also take out Obamacare, and filled out the Form 1095-A. My total insurance premium paid (Line 33 column A) is the same $$ as in Form 7206, Line 1. On my 1095A, my premium tax credit (line 33 column C is $0).

 

On Schedule 1, Line 17, TurboTax adds (1) and (2) together, instead of just pulling the $$ from Form 7206, Line 1. Is this a software glitch?

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1 Reply
RobertB4444
Employee Tax Expert

Software glitch on Schedule 1 Line 17?

Why are you entering the health insurance premiums directly on to the form?  You should be entering them as an expense for health insurance premiums so that the system can move the numbers to wherever it is that they are supposed to go.

 

 

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