MarilynG1
Expert Alumni

Retirement tax questions

Yes, in order to get a Premium Tax Credit (PTC) they would need to file a US tax return, and use the Foreign Tax Credit for the tax paid in India on their retirement income.

 

After they have entered their income into TurboTax, they enter their Form 1095-A into their return   Type '1095a' in the Search area, then 'Jump to 1095a' to get to the entry.

 

This allows the calculation of any PTC refunded (or owed), based on their income and premium amounts they paid as shown on Form 1095-A.  

 

The results will be displayed in TurboTax in this section, and are shown on Form 8962 in the completed return.

 

Click the link for more detailed info about the Premium Tax Credit (PTC).

 

 

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