SoFetch
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05-11-2021
06:19 PM
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I have a client who has a multi-state return due to selling a rental property in AZ. They are Oregon residents.
Due to the capital gain on the sale of their house, their income was higher than expected (spouse receives payments for marketplace insurance).
When I entered in the info from the 1095-A, it generates a "credit recapture" amount due to the NR state (Arizona).
Does this seem right? Does the American Rescue Plan provision for now having to pay back excess not apply at the State level?
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