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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
MAGI for Form 8962 is not supposed to add the 1/2 SE tax back, so the program is doing it correctly.
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
Do you know TaxGuyBill where then my real Magi is indicated? And what will the health exchange consult to confirm the Magi for eligibility issues?
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
Do you know TaxGuyBill where then my real Magi is indicated? And what will the health exchange consult to confirm the Magi for eligibility issues?
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
As you pointed out, it is on Line 2-3 of Form 8962.
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
Lines 2 and 3 should not be the same for self-employed persons. The form is autogenerated by TT, which is not adding back in half of self-employment tax, as required by the IRS. This system glitch makes the calculations incorrect. Users beware.
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MAGI calculation done by Turbotax self-employed version on form 8962 is wrong, not adding half of my self-emp tax back in. Can I manually correct this form?
As I said before, MAGI for purposes of the Premium Tax Credit should NOT add back 1/2 SE tax. The program is correct.
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