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Okay so i need a 8962 form for my 2016 returns to send to the irs how do i do this and why did my return amount go down after i entered my 1095-a through you guys?

 
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Patrice
New Member

Okay so i need a 8962 form for my 2016 returns to send to the irs how do i do this and why did my return amount go down after i entered my 1095-a through you guys?

If you received the Premium Tax Credit as a monthly advance (APTC) to reduce your healthcare premiums, the credit amount was an estimate. It was based on your 2016 estimated income.

If your income for 2016 was more than you estimated, you may have to pay back some of the credit and this is the reason why your refund went down when you entered your 1095-A

Follow these steps (for more detailed guidance, click here:(

  1. Sign in to TurboTax with the same login you used when you filed your 2016 return.
  2. On the Welcome home screen, select Taxes.
  3. On the Tax Timeline, select Amend return.
  4. Click Amend using TurboTax Online.
  5. On the We'll help you change (amend) your return screen, select the Federal Taxes tab. (Don’t click Continue. You don’t want to start the amend process.)
  6. Select the Health Insurance tab.
  7. Answer the questions about your health insurance which includes entering your 1095-A.
  8. On the Do you need to change anything else screen click Done.
  9. Select My Account at the top of the screen and choose Print Center.
  10. Choose Print, save, or preview this year’s return.
  11. Click View or print.
  12. Select Form 8962 and either Form 1040 or 1040A and print them.
  13. Send the following to the IRS address or FAX number given in your IRS letter:
    1. Form 8962, Premium Tax Credit
    2. Copy of your Form 1095-A, Health Insurance Marketplace Statement
    3. A copy of the IRS letter that you received.

 

https://ttlc.intuit.com/replies/5824742

https://ttlc.intuit.com/replies/4264777

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