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premium tax credit calculation
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MaryMatt
Level 3
yesterday
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client received ssdi distribution of 50,000 from which 6000 was deducted for attorney fees. Additionally 2000 and 23800 were for previous years. This is causing a large premium tax credit balance due. Taxable income for the year was 700. If I show the ss benefits net of the atty fees. it is reduced by over 500. Can I do this and attach a note?
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Just-Lisa-Now-
Level 15
yesterday
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are we allowed to deduct atty fees again? didnt that go away with TCJA?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
