Thank you for confirming that for me. Line 14f of schedule 8812 is my bottleneck. It caused 2020 tax year based advanced payments to be made whereas line 14e is in accordance with 2021 tax year. I have referenced my circumstances with the relevant irs question and it appears that turbotax isn't taking repayment protection into account.
A6. If you qualify for repayment protection, the amount of your tax liability from excess advance Child Tax Credit payments is reduced by up to the full repayment protection amount. The full repayment protection amount equals $2,000, multiplied by the following:
- The number of qualifying children that the IRS took into account in determining the IRS’s initial estimate of your advance Child Tax Credit payments, minus (3)
- The number of qualifying children properly taken into account in determining the allowed Child Tax Credit amount on your 2021 tax return. (2)
3-2=1 x $2000= $2000 in repayment protection. Is this a refundable credit? What form would i need to submit to secure this amount?
