California Individual Return: form 3895

archa5 · ‎04-11-2021

My California client got FTB form 3895 with the same numbers as Federal Form 1095-A.
The cover letter says: Use your Form 3895 to fill out form FTB 3849, Premium Assistance Subsidy.
attach Form FTB 3849 to your state tax return to report the California premium subsidy amount you
got each month.
I used the 1095-A form finished the Federal return and brought the information to the State.
The ProSeries platform did not bring me the form 3895.
I am not sure if it is really necessary to fill out the 3895 and then fill out form 3849.
The numbers, which Covered California shows in form 3895 are the same as the numbers in
Federal 1095-A.
The ProSeries platform does not stop me to file the return without form 3895, I just need to click "Yes"
in Healthcare Worksheet.

abctax55 · ‎04-11-2021

PS does generate the F 3849 (I don't use PS so can't tell you the 'how')

CA uses a 600% cliff instead of the Federal 401% cliff, so it is important to use the info from the 3895 - the results can be very large.

HumanKind... Be Both

Just-Lisa-Now- · ‎04-12-2021

On the CA return, you had to use the healthcare worksheet to mark yes or no to whether they had coverage, the link to the 3895 is on that worksheet.

Nothing will stop you from "not" entering the correct forms, its up to you to know what needs to be done.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Just-Lisa-Now- · ‎04-12-2021

I had one guy that ended up with a payback on the fed, but a HUGE credit on the state, so yes, very important to include that 3895!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

abctax55 · ‎04-12-2021

@Just-Lisa-Now- We should compare. My biggest one so far is $ 28000.

HumanKind... Be Both

Just-Lisa-Now- · ‎04-12-2021

you win! LOL
This guy had a fed payback of 5200 and a CA credit of 7600...he wanted to put money in an IRA, but doing that lowered his income where he didnt get the CA credit, and since the fed payback was excluded, no IRA.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪