Is anyone else having problems with premium tax repayment form 8962 not transferring to schedule 2

Forum|Forum|5 years ago
April 8, 2021
5 replies
37 views

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ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Thats because the payback has been waived, everyone has been waiting for this update to file returns that have PTC paybacks on them.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

PATAX

Level 12

Pat,

PATAX

Level 12

Pat I just prepared one and had no problem... the amount that transferred to schedule 2 to is 0 as this has been waived like Lisa said... The actual payment calculation form on my software still correctly shows the penalty calculation but this form is not efiled and the penalty amount does not get transferred to schedule 2 as proper....Just my opinion

qbteachmt

Level 15

Ever since the ARPA was signed that waived the repayment, people posted here to complain that the programs hadn't been updated to reflect that waiver. Since the update, people are now in doubt or complaining about the effect of the update, which matches the law.

Poor Intuit. They just can't catch a break.

Don't yell at us; we're volunteers

IRonMaN

Level 15

To answer the next round of questions ------------ no we don't know when the letter will be updated to delete the wording saying the client had to repay part of the credit they received.

Slava Ukraini!

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