Shicks
Level 1

Form 7206 self employed health insurance for a more than 2% shareholder of an S-Corp line 11 is being limited to only box 5 Medicare wages, which I believe is incorrect.  A more than 2% shareholder health insurance premiums are only reported in box 1 and 16 not in box 5.  Because my shareholders are scaling back their W-2s were not much this year and the Form  7206 is not allowing the full deduction for the SE health insurance.  Two questions - how are others getting around this limitation?  My taxpayers are allowed the full deduction. Reading the instructions my taxpayers are not required to file Form 7206, but I do not see how to not file this report in Lacerte. How can I report the full SE health insurance deduction and not include the Form 7206? 

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