Repayment of excess advance premium tax credit?

Forum|Forum|5 years ago
April 9, 2021
8 replies
18 views

Has any one figured out a way to elect out of the repayment, or are we still waiting on an update from proseries?

ProSeries Professional

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IRonMaN

Level 15

There was an update a couple of days ago. Go to your computer start menu and click on ProSeries and then click repair updates -------- unless you just haven't run an update in the last couple of days.

Slava Ukraini!

J

jeffmcpa2010

Level 10

I just opened a previously filed return and it shows that change and pulls up a 1040X showing the reduction in tax. The amount of excess credit repayment is gone from schedule 2.

Ive been doing some "Google Research" and I cannot tell if the IRS has issued the expected guidance on this issue: re: whether to amend, or wait and see if the IRS is able to make automatic changes - like they are supposedly doing for the Unemployment.