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May 15, 2021
Question

I have a -5 on line 16 schedule 1 for slf employed health insurance deduction. need help to get it removed.

  • May 15, 2021
  • 1 reply
  • 0 views

Hello.

I keep getting a -5 on line 16 self employed health insurance deduction and do not know where it came from . Need help please.

    1 reply

    Employee
    May 16, 2021

    The first step I suggest you do is "unlink" your 1095-A from Schedule C, and then link it again. To do that, uncheck the box shown on the screenshot below. 

     

    If that doesn't work, there is a workaround available for TurboTax Desktop version for this. Follow these steps:

     

    1) Go to Forms Mode

    2) Find 1040/1040SR Wks

    3) Scroll down to the section with the negative number on line 16. 

    4) Just above it you will see a box for Self-Employed Health Insurance Premiums Tax Credit Smart Worksheet. 

    5) Remove amount from box B. 

     

    For TurboTax Online, you have two options:

     

    1) File an extension and wait for the fix. 

    2) Do not claim the health insurance adjustment to income for self-employed. You can do that by unchecking the box for the question in the 1095-A interview about whether you were self-employed. See the screenshot. You can file an amendment after the fix comes through (TBD).

     

    Here are instructions on how to amend your tax return. 

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