Follow on question about the PTC if married in 2020.
It seems Turbotax is only using the Alternative Calculation for year of Marriage if there was an EXCESS advance received. If the Alternative Calculation for year of Marriage results in a net premium tax CREDIT DUE to the taxpayer, then that calculation is not being used. Instead it treats them as married all year and the PTC is $0. Is this correct?
Form 8962 - line 24 is $7,050, line 25 is $6,276 but Line 26 is $0.
In other words, if the Alternative Calculation for year of Marriage results in a Net Premium Tax Credit due to the tax payer then does IRS say the Net PTC = $0 as TurboTax reflects? Or is it equal to the amount you are eligible for using the Alternative Year of Marriage Calculation less the insurance premiums you paid?
