- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
It's sensible to me. I realize you're trying to address some unknowns.
Essentially, if the 1095 is now Void, then the premium credits to assist in purchasing health care are also Void. This means the government would presumably get their money back from the company it paid or else the consumer it assisted. I can't imagine paying companies for nothing, so I hope they got their money back from that health insurance company.
I can't imagine being responsible for it now that the coverage is Void. If I have recouped what I paid, then what more could I possibly need to do for 2 months of coverage that now doesn't exist? I was going to "amend" last year's return, which is what led me to post the question.
Even on the IRS website it says not to worry about it, that I won't owe money, and that I might be entitled to a refund, but then (somehow) I might be liable for some payment also. It's mixed signals about (not whether I have to do it, but) what might happen if I actually report it on an amended return. The IRS site says I don't have to--I should leave well enough alone.
Quick question: you tell me to look on lines 46 and 69: is that on the same form? the 1040? I'm not a tax guy. I used Turbo tax, can I just download last year's taxes and find these lines to which you're referring me? I'd like to do it even to see if I might get a return (or another payment for nothing). It would be all I needed to know.
Thanks for your speedy response the other day! Have a good one,
Essentially, if the 1095 is now Void, then the premium credits to assist in purchasing health care are also Void. This means the government would presumably get their money back from the company it paid or else the consumer it assisted. I can't imagine paying companies for nothing, so I hope they got their money back from that health insurance company.
I can't imagine being responsible for it now that the coverage is Void. If I have recouped what I paid, then what more could I possibly need to do for 2 months of coverage that now doesn't exist? I was going to "amend" last year's return, which is what led me to post the question.
Even on the IRS website it says not to worry about it, that I won't owe money, and that I might be entitled to a refund, but then (somehow) I might be liable for some payment also. It's mixed signals about (not whether I have to do it, but) what might happen if I actually report it on an amended return. The IRS site says I don't have to--I should leave well enough alone.
Quick question: you tell me to look on lines 46 and 69: is that on the same form? the 1040? I'm not a tax guy. I used Turbo tax, can I just download last year's taxes and find these lines to which you're referring me? I'd like to do it even to see if I might get a return (or another payment for nothing). It would be all I needed to know.
Thanks for your speedy response the other day! Have a good one,
‎June 5, 2019
11:39 AM