unzuetay Posted March 13, 2015 Report Posted March 13, 2015 I have a return that I figured the Marketplace Coverage Worksheet for and then after putting the Bronze and SLCSP amounts, Line 12 in the worksheet says that their required contribution for is $0 does this mean that they do not owe a penalty and are exempt? Or do I need to fill out the Shared Responsibility Payment worksheet? Any help would be very much appreciated, thank you Quote
BulldogTom Posted March 13, 2015 Report Posted March 13, 2015 If they did not have coverage for the year, they will owe the penalty unless there is another exemption for them. I had one exactly like that. They can't qualify for the affordability exemption because their cost is $0 and 8% of their income is always greater than $0. Tom Newark, CA Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.