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Incorrect calcualtion of PTC & SEHID
2024 TT Home & Business Desktop (updated to most current version) is not calculating the proper premium tax credit (Form 8962) together with the Self-Employed Health Insurance Adjustment from a K-1 linked to Form 1095-A. This is an iterative calculation, since the SEHI adjustment affects the AGI and the AGI affects the PTC and the PTC affects the SEHI adjustment. I can see the software doing the iterations at the bottom of Form 7206 and as it converges closer to the final result, it does one more iteration and goes way off the rails, shortchanging me by over $2,800!
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March 15, 2025
9:26 AM