Skip to main content
Level 5
April 7, 2021
Solved

2% Shareholder S-Corp

  • April 7, 2021
  • 1 reply
  • 9 views

A 2% Shareholder S-Corp client purchased health insurance through the Health Insurance Market place and was issued 1095-A. The advanced payments of premium tax credit is greater than the tax credit and reduced his refund. Could this advance payment be considered as health insurance cost on the return even thought it was not actually paid, it reduced the refund?

This topic has been closed for replies.
Best answer by dkh

You need to read the following IRS information before you finalize your clients return with APTC

Questions and Answers on the Premium Tax Credit | Internal Revenue Service (irs.gov)

1 reply

dkh
dkhAnswer
Level 15
April 7, 2021

You need to read the following IRS information before you finalize your clients return with APTC

Questions and Answers on the Premium Tax Credit | Internal Revenue Service (irs.gov)