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Level 2
March 18, 2021
Solved

2020 APTC Repayment

  • March 18, 2021
  • 2 replies
  • 14 views

Will there be a system update for TPs who have a tax liability when APTC is reconciled?  The American Rescue Plan says there should not be any liability.  Should we even enter the 1095A?

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Best answer by TaxPhil3910

Appreciate the quick response.  I will hold off on filing until systems update/IRS guidance.  

2 replies

sjrcpa
Level 15
March 18, 2021

Yes there will. No one knows when. I'd enter the 1095A.

The more I know the more I don’t know.
TaxPhil3910AuthorAnswer
Level 2
March 18, 2021

Appreciate the quick response.  I will hold off on filing until systems update/IRS guidance.