TaxGuyBill
Level 15

@Kunj Sheth wrote:

I am also facing similar issue with form 8962 since late February. My form 8962 details are

 

1. 3

2a. 87,058

2b 0

3. 87,058

4. 21,720

5. 400%

 

I believe Line 5 should be 401.82 % but proseries is calculating it at 400% and hence the rejection error . I don't see any option to override this either.


 

No, it is 400.82%, and the program is correctly dropping the 0.82%, so it is correctly showing 400%.

If you are getting the error message as mentioned in the original post, have you tried to enter a small Traditional IRA contribution to slightly lower income (assuming the taxpayer would be willing to do that)?

 

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