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ARPA, TurboTax, and excess advance premium tax credit repayments. Manually adjust or wait to file?
So it looks like IRS has issued guidance, as of March 23, on changes to forms to reflect the ARPA related to unemployment. But, it doesn't look like the IRS has issued guidance on ARPA changes related to advance premium tax credit repayments, so I'm assuming that's why I don't see any changes yet in TurboTax related to the health insurance premiums -- is this correct? If so, and if that guidance and resulting changes to TurboTax don't happen soon, is it OK to attempt to manually adjust my return to reflect the change? (Not preferable, I know, as so many other figures are affected by this one number).
March 27, 2021
9:31 AM