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Level 3
March 18, 2021
Question

8962 Repayment for 2020

  • March 18, 2021
  • 1 reply
  • 12 views

Can Line 29 be overridden to zero to handle the fact that advance payments of the premium tax credit do not have to be repaid on 2020 returns from the new American Rescue Act?

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1 reply

March 18, 2021

The IRS has not given any direction to the public on how to handle it yet.