mgaapril
Level 1
04-07-2024
03:06 PM
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Has anyone else seen this...seems to be an error, but I am having no luck getting Lacerte to correct.
Self-employed individual (Sch C) has health insurance through the market place and received APTC. On settle up, they owe back some of the APTC. If they are under 400% of the poverty level, so that repayment is limited, the worksheet is correctly limiting the health insurance deduction to premiums paid plus the repayment limit. When they are over the 401%, the worksheet is showing the repayment limit as zero, instead of the APTC received. Creating a deduction for only the premiums paid during the year.