Lacerte calculating PTC form 8962?

[cjscpa]

Hi!

Individual tax client got insurance on Exchange, has 1095-A. NO APTC. After inputting all sources of their income, they are less than 400% FPL.  I expected a premium tax credit would calculate but it's not. They had no unemployment compensation. Seems they should qualify...what am I missing? Or is this form not quite dialed in?

[IRonMaN · Accepted solution]

Have you tried manually calculating the thing to see if the software is right or wrong?

[cjscpa]

Your comment to manually compute it led down that path, but ultimately made me wonder if the 1095-A was correct...form 1095-A, Part III, Column B had NO AMOUNTS on it. Did a search, and in fact, healthcare.gov conveys that if this is the case, the form is wrong. And gives a tool to recompute this. Once I added that info, BAM a nice credit computed. Thanks! 🙂

[IRonMaN]

 You betcha!