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Is there a way to make Lacerte use the Simplified Calculation Method (instead of the Iterative Calculation Method) for determining the S/E Health deduction?

bzach
Level 2
 
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George4Tacks
Level 15

You can make an override [O] entry, if you don't like the computed value. Lacerte does not do EVERYTHING. 


Answers are easy. Questions are hard!

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4 Comments 4
bzach
Level 2
Client has premium tax credit and will have to repay some. I've done the calculations outside of Lacerte, but seems like Lacerte should be able to switch between methods.
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George4Tacks
Level 15

You can make an override [O] entry, if you don't like the computed value. Lacerte does not do EVERYTHING. 


Answers are easy. Questions are hard!
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d4velake
Level 2

How and where do you make the override for the Iterative Method for the 1095-A SE Health Insurance?

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d4velake
Level 2

I figured it out!

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