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Deductions & credits
the ACA premium payments - an exception to the rule that for a cash basis taxpayer the deduction is in the year paid. for ACA premiums you get what the 1095A shows even though the DEC 19 payment would likely be paid in 2020. since the premium and tax credit are determined on a calendar year basis there would be needless complications if the cash basis rule was followed.
‎October 15, 2020
11:33 PM
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