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Solved

Form 7206, Schedule D, and SEHD not calculating correct?

Forum|Forum|2 years ago
March 29, 2024
1 reply
0 views

Taxes were inputted into TT. The note at the bottom of Form 7206 had what I believe is the correct amount for the self employed health care deduction. This amount shows up on Schedule 1, line 17. All good.

I got a 1099-B for a small, $25 MF sale (Vanguard Fee) that has a gain of $19.63. This is my only 1099B. I add it into Turbotax and my refund drops by $630. That can't be correct. I chased it down and the non-transparent calculation on Form 7206 for the SEHD is now $2,083 lower. Something is not right here. Any thoughts on how to fix this.

TurboTax Home & Biz Windows

Best answer by CatinaT1

This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?

This is a know issue. You can sign up for updates here: Why isn't my MAGI on Form 8582 not including my full self-employment health deduction?

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Thanks. That referenced thread is labeled "Solved" but the message says they are working on it. I believe it is still calculating incorrectly.

Employee

Yes, the link that you were provided shows that the issue is still being worked on, and you can sign up there to receive updates. @J000059

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