Paper filing due to repayment of APTC

Forum|Forum|4 years ago
February 14, 2022
1 reply
17 views

Client should have been covered under an employer plan but decided to decline that coverage and get coverage on the market place (didn't want to change doctor) The client was not eligible to receive APTC but did for May-Oct these premiums need to be repaid. The only way I've found to do that is on screen 39.1 "Excess advance premium tax credit repayment" but if I put the repayment amount in this box I need to paper file the return. Is there any other way to do this without having to paper file or is this simply how it goes for tax payers who took APTC they were never eligible for?

Lacerte Tax

This topic has been closed for replies.

T

TaxGuyBill

Level 15

If they do not qualify for the credit for a month, you enter $0 for the Second Lowest Cost Silver Plan (SLCSP) for that month.

J

Jacquelyn924Author

Level 3

I gave that a try and unfortunately Lacerte still didn't calculate repaying the full amount they need to repay. It hits the repayment limitation which my client doesn't qualify for as they aren't allowed to have any PTC

T

TaxGuyBill

Level 15

As far as I know, the repayment limitation still applies. I have found nothing that says the repayment limitation does not apply even if they never qualified for the credit in the first place.

Sign up

Login with SSO

Let's get you signed in

Login with SSO