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Level 2
July 14, 2021
Question

Monthly Fed PTC amount not flowing to CA FTB 3849

  • July 14, 2021
  • 4 replies
  • 21 views

My client has a large refund on CA return after the suspension of repayment of Excess Advance Payment of the PTC. I believe it is due to the suppression of the 8962 form as Proseries fix for the change. Now CA is calculating a huge monthly PAS amount allowed. How do I correct this?

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4 replies

Just-Lisa-Now-
Intuit Community Champion
July 14, 2021

Yes, I saw several large refunds on CA when they had a payback on the fed that was waived. 

Why they cant make these break even instead of juggling money back and forth is just plain silly.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
UberSuaveAuthor
Level 2
July 16, 2021

Do you have a solution to this? Any workaround?

Just-Lisa-Now-
Intuit Community Champion
July 16, 2021
I let them get the refund, just because the federal waived the payback, that shouldn't change the CA return.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪