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.
