Assuming your letter
from the IRS is a LTR 0012C (see the letter's upper right-hand corner), make
sure you read it first. Here's a guide to understanding it:
Understanding Your Letter 0012C
Because
your return has already been accepted, in order to complete form 8962, you will
have to amend your return.
How
to Amend:
1.
Print
out a copy of your original return for your records.
2.
Go into Turbo Tax and
click Amend
(change) a filed and accepted return under Manage Your Return. It's zeroed out
(which is why you need to keep a copy of your original return).
How
to enter Form 8962:
1.
Go to the Health Insurance section after you have clicked Amend a
return.
2.
When you get to Was anyone enrolled in
any of these less common plans in 2016?, answer Yes to A plan that sent or will send a 1095-A.
3.
Walk through
the rest of the screens to enter your 8962.
When
you're finished, make sure there is an entry on the line for “excess advance
premium tax credit repayment” (line 46, Form 1040, or line 29, Form 1040A) or
the line for “net premium tax credit” (line 69, Form 1040, or line 45, Form
1040A).
To
check to see if you do have entries on those lines,
1.
Go to My Account.
2.
Go to Tools.
3.
Go to View Tax Summary.
4.
Go to Preview my 1040.
Turbo
Tax will fill out the 8962 and a newly computed page for you to submit to the
IRS.
You
will not be completing and
sending a Form 1040X (an amended tax return) to the IRS; you will only print
out the requested forms.
Here's
what goes in the package:
·
a copy of your Form 1095A provided by your
Marketplace
·
a completed Form 8962
·
a copy of the corrected second page
from your original return that shows the “Tax and Credits” and
“Payments” sections.
·
A copy of the LTR 0012.
You
can either fax the package to the fax number listed on the letter, or mail to
the address on the letter.
