@glporter53 wrote:
We did my son's return and a Form 8962 was generated as well as a Schedule 2. It showed that he was going to owe the Feds. Went in today and installed the latest updates to TurboTax, opened his file and now it is showing he is getting a refund from the Feds. After research what was going on, Form 8962 was still generated, but, Schedule 2 is no longer there. Because Schedule 2, Line 3 is blank on Form 1040, it did not report $800 that it was previously before this latest update. If Form 8962 is being generated, why isn't Schedule 2? I think there is something amiss.
The 2020 federal tax return is correct for the PTC adjustment.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-suspends-requirement-to-repay-excess-advance-payments-of-the-2020-p...
The Internal Revenue Service announced today that taxpayers with excess APTC for 2020 are not required to file Form 8962, Premium Tax Credit, or report an excess advance Premium Tax Credit repayment on their 2020 Form 1040 or Form 1040-SR, Schedule 2, Line 2, when they file.
