If the California form 3849 being populated correctly?

[Paperworks]

I have a client that would have owed $11,000 worth of PTC, but now it has been suspended.  My concern now is the California return shows a large refund from form 3849 of $8000.  This does not seem correct because client has not paid anything into the health insurance.  Has anyone else come across this problem?

[qbteachmt]

Since you stated they didn't pay anything, are you asking about APAS? Is Form 3895 box “Repayment cap may not apply” checked?

[abctax55 · Accepted solution]

It's likely correct assuming you've entered everything correctly.  My largest one so far is $ 25,000 +/-.

Check out Spidell's message board for many conversations on the subject.

https://www.caltax.com/forums/forum/message-board/

[Paperworks]

No, not the APAS. I'm saying they didn't not pay premiums at all and because they made too much income, they would of had to pay the entire amount back to IRS except IRS did the suspension.  I just don't understand why California is giving them the credit, except for the maybe the form 3895 is using the numbers on the 8962 and assuming the taxpayer is paying back all the premium?  

[abctax55]

DID you go to the link provided, and read the posts on the Spidell message board?

You'll see that many have posted on the issue.

[Just-Lisa-Now-]

Ive had several of these, seemed funky to me as well, but CA paid out the refunds, no problem.

[Paperworks]

Yes, I did.  Thank you.