PTC Repayment

[Max W]

Client is over 600% of poverty line and has to repay All of tax credits ($16800) because of income.

With 8962 filled out with the 1095A data, check return gives an error message that lines 11- 23 of 8962 should not be filled out.

If the data is removed. then Line 46 PTC Repayment - 1040 shows zero.  

Is there another way to enter the Repayment?

 

 

 

[jklcpa]

Are your forms up-to-date? If it's this same issue as below, an update took care of the problem:

[Max W]

All forms up-to-date. Still get error even after deleting form and re-entering info and rebooting software.

The forms update report Version 17,  does not list this return and see that some others are missing from the list.???

[Randall]

If all months are the same you complete line 11 for the annual total.  Otherwise, you complete lines 12-23 for each month.  Not sure if this helps your situation.

 

[Max W]

All months are the same - only used line 11.

[jklcpa]

Instructions for form 8962 say that if over 400% of FPL, complete only column F for either line 11 or lines 12-23. Perhaps that is the problem.

[Max W]

GREAT! That did it.

Thank you.