Level 3

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Form 8962 line 29 not posting to Sch 2

Forum|Forum|5 years ago
April 8, 2021
5 replies
1 view

Premium tax credit repayment of $1600 is calculated on form 8962, line 29, but is not posting to Schedule 2, line 2. It seems to be an error, but I can't seem to correct it.

ProSeries Professional

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Best answer by abctax55

As of March 11, 2021 the Congress said it wasn't necessary.

As of yesterday, the IRS & the software was finally updated to reflect that retroactive change.

abctax55Answer

Level 15

As of March 11, 2021 the Congress said it wasn't necessary.

As of yesterday, the IRS & the software was finally updated to reflect that retroactive change.

HumanKind... Be Both

C

chasetax

Level 6

just so you know, the penalty or repayment requirement was waived for 2020 and was just updated yesterday-you may wish to check for other threads on this subject

Just-Lisa-Now-

Intuit Community Champion

You may also want to query your client list for anyone with marketplace insurance thats already been filed, many people may have paybacks that can be refunded.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

PATAX

Level 12

Car Guy, Pro Series is Computing everything correctly... The penalty shows on the form 8962.. But it does not transfer to schedule 2 since there is no penalty... I completed one this morning and it is correct...

D

dbelling

Level 4

I have the same issue but unable to efile the return....how were you able to efile with APTC corrected for form 8962...

PATAX

Level 12

Db, what error message is showing?

IRonMaN

Level 15

This post and the many similar ones just go to prove once and for all, good news does not travel fast.

Slava Ukraini!

C

chasetax

Level 6

@IRonMaN I've been working too hard---just understood your phone number--i think i've lost my sense of humor as well as smell and taste from covid

IRonMaN

Level 15

@chasetax - I'm very concerned about the loss of your sense of humor. I'll have Jenny give you a call to see if we can help you regain that very critical sense.

Slava Ukraini!

C

Car GuyAuthor

Level 3

Thank you all for your helpful responses! I missed the 3/11/21 IRS Notice. I can move on with peace of mind!

qbteachmt

Level 15

Just for clarification:

"I missed the 3/11/21 IRS Notice."

You realize this is the $1.9 Trillion Bill that has this and a ton of other Tax Provisions? It's not just APTC that changed. It's a bit more than just a "notice." It seems you have some homework to do 🙂

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