TaxGuyBill
Level 15
03-20-2022
08:14 PM
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@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)?