Thanks for the detailed explanation.
I am somewhat familiar with the eligibility criteria and know that cost for self-only coverage does not exceed the threshold for afforability. This means that we don't qualify for the PTC.
However, anyone can purchase coverage on the marketplace (according to Covered CA) and I did so because the cheapest employer-offered coverage for a family of three was far in excess of what similar coverage costs on Covered CA. After lengthy conversations with Customer Support at Covered CA, we determined that receiving a 1095-C disqualified the entire household from APTC and so I paid full price. I chose to forego coverage and so the 1095-A from Covered CA inlcudes only the premiums for my wife and son, not any advanced PTC.
Unfortunately, Turbotax doesn't seem to take eligibility criteria into account when calculating the PTC. There are no screens or input boxes that even ask me who is covered by the 1095. It just computes the amount of the credit and applies it based on some mystery basis. I spent almost two hours with Turbotax support yesterday and was told that the calculation is correct and seems to be based on the family size and is in accordance with IRS guidance.
I am still undecided on how to proceed. Do you know anything about the logic used by Turbotax?
Thanks again.
