Form 7203 line 34 shows a Gain on loan repayment. This is for repayment on open account debt. Where to report this on?
Why is Premium Tax Credit 0? Over 400% of FPL, but Inflation Reduction Act removed income phaseout and reduced costs to 8.5% of income. Without PTC, costs is about 30%.
I took a distribution from my IRA for 100K to cover downpayment to bridge 2 homes. I repaid 90K within 30 days. The 1099-R still shows 100K, how do I do this on my form?