aedwan
Level 4
05-07-2021
05:41 PM
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IRS Form 1095-A shows 0 advance PTC while FTB Form 3895 shows advance PAS (Premium assistance subsidy) of $17,300.68. Client (Household of 4) had an allowable loss on K-1 offsetting wages, which in turn decreased his income to $26,925, qualifying him to PTC refund in the amount of 20,582.
It doesn't make sense that he got $17,300.68 in premium assistance subsidy as shown on CA 3895 and at the same time will be getting a cash refund of $20,582 as Net PTC. Any explanation will be greatly appreciated.
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