They took two months for this?

Forum|Forum|5 years ago
May 6, 2021
2 replies
18 views

I don't know why I'm surprised, but Intuit took 2 months for this harebrained "fix" for the SEHI deduction for the non-repayment of the Premium Tax Credit? Essentially manually adjusting a number?

Despite what that article says, the way they programmed this seems to be MORE likely to screw up next year's software. Any takers for betting when they fix the 2021 software to counter-act this "fix"? 😂

https://proconnect.intuit.com/community/proseries-tax-news-updates/discussion/proseries-update-regarding-se-health-insurance-deduction-and-the/00/162519

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Ive only got one of these thats been sitting and waiting, Im not sure the Sch 1, Line 16 amount is correct (seems off by $3 when I take the premiums less the PTC) and the SEHI worksheet shows me no computation....my math says Line 16 should be 1200, not 1197, not sure I understand that 2403 in the paragraph at the bottom either.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxGuyBillAuthor

Level 15

Intuit is not very good at math. They tend to round numbers contrary to the IRS directions.

If you round each MONTH of the 1095-A (rather than the annual numbers), does it match what Intuit has?

Just-Lisa-Now-

Intuit Community Champion

maybe, $3 isnt really worth futzing around with, but why does the worksheet show nothing and have 2403 in that paragraph at the bottom?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

BobKamman

Level 15

I am sitll trying to figure out why they try to do our thinking for us when the taxpayer has ACA insurance, but not when the taxpayer pays Medicare B or D premiums. Maybe because some of those are not withheld from Social Security checks?

And has anyone come across a situation where there are two Schedules C? How does the program know which one the insurance policy is "under"? Or does that distinction no longer exist?

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