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Form 8962 is not calculating a premium tax credit repayment

PQ49
Level 2

My only ACA client sold a property this year with a $1 million gain.  AGI is $1.063 million.  On 8962, Line 25 is, not surprisingly, the entire subsidy of $14,268 (Col C total from 1095A) .  I would expect that this is the amount that must be paid back.   However, nothing is flowing to any lines on the form below line 25.  

What am I missing?

1 Best Answer

Accepted Solutions
TaxGuyBill
Level 15

Have you gone through the error-check, including the one that asks if your client can be claimed as a dependent?

View solution in original post

3 Comments 3
TaxGuyBill
Level 15

Have you gone through the error-check, including the one that asks if your client can be claimed as a dependent?

Just-Lisa-Now-
Level 15
Level 15

That one little checkbox sure can make or break a clients good mood!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
PQ49
Level 2

THANK you both!  I had not gotten to the error check stage of the return yet.  Who knew that little box could make such a huge difference???  Certainly not the young gentleman from Intuit that spent more than an hour with me on the phone yesterday!

Should have turned to the the blessed accounting community first.....

Again, many thanks.