Situation: During 2020 you were on the Market Place and then change to Medicare in September, AND, your annual income increased substantially in December as a result of one time stock sale.
TurboTax requests the 1095-A and calculate a large amount of the premium subsidy to be paid back.
1) Since the in incomes increase happened after the termination of the market Place, will that help to eliminate the subsidy pay back?
2) If so, how to report it in TurboTax to get the pay back eliminated?
3) From another question that was posted in this forum I got this information:
"Under the American Rescue Plan Act (H.R. 1319), excess premium subsidies for 2020 do not have to be repaid to the Internal Revenue Service."
How do I make Turbotax to not request the pay back of the excess premium subsidies.
