Form 8962, advance PTC, Product still being updated

Forum|Forum|5 years ago
April 15, 2021
4 replies
23 views

With the latest update on April 15, a client's file now fails final error review. Reason: Product is being updated to to exclude repayment of advance PTC, form 8962.

The client file had the correct calculations on April 14, when the efile signature pages went for signing.

See IntuitAustin comments of 3.11.21. Intuit had this correct....no need to attach form 8962. No repayment due.

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

I think they discovered an issue when SEHI comes into play, it wasnt computing correctly, so another update is needed...is that your situation?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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David ConnellAuthor

Level 2

Thanks, Lisa. I was just noting the error.

Another update is needed, as now 8962 is calculating incorrectly...wanting client to repay.

vscpanm

Level 6

I have the same PTC error on 8962 even though there is no payback calculated on form 1040. is there an update to fix the error yet? This return was calculated 2 weeks ago with no errors.

vscpanm

Level 6

I spoke with a Tech agent and he said they are going to update the error on the form 8962 but unknown when. Tuesdays and Thursdays are when they roll out updates. Just FYI.

He also said you could efile with the error check off. I usually don't do this unless there is no fix coming.

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