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May 12, 2021
Question

"1040/1040SR Wks:SE Health Insurance the amount of the self-employed health insurance deduction cannot be less than zero." Mine is -4. What does this mean, what can I do?

  • May 12, 2021
  • 1 reply
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May 12, 2021

If you would be willing to share a diagnostic copy of your tax file, it could be helpful to examine the situation in more detail.  

 

To do so, follow the instructions below and post the token number along with which version of TurboTax you are using in a follow-up thread.

 

 

Use these steps if you are using TurboTax Online:

  • Sign in to your account and be sure you are in your tax return.
  • Select Tax Tools in the menu to the left.
  • Select Tools.
  • Select Share my file with agent.
  • A pop-up message will appear, select OK to send the sanitized diagnostic copy to us.
  • Post the token number here. 

If you are using a CD/downloaded version of TurboTax, use these steps:

  • Select Online at the top of the screen
  • Select Send Tax File to Agent.
  • Click OK.
  • Post the token number here.
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May 13, 2021

token # 851925

 

Thank you!

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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