topic 1095-A tax credit was not reported in error for 2020 and IRS already accepted e-filing. Is there a way to calculate pay ahead to avoid penalty? in Get your taxes done using TurboTax

1095-A tax credit was not reported in error for 2020 and IRS already accepted e-filing. Is there a way to calculate pay ahead to avoid penalty?

hsim1 — Fri, 05 Mar 2021 18:55:52 GMT

Form 1095-A was lost but just found and shows two months of tax credit received. This was not included in the 2020 filing. Is there a way for me to calculate the error and send the amount to IRS to avoid penalty?

Re: 1095-A tax credit was not reported in error for 2020 and IRS already accepted e-filing. Is th...

Cass0317 — Wed, 10 Mar 2021 03:44:56 GMT

You will receive a notice from the IRS requesting you to provide Form 8962. TurboTax will assist you in completing Form 8962 using the information you have on Form 1095-A. This link The IRS is requesting Form 8962 for 2020 has the directions on filing Form 8962 that will assist you in filing Form 8962.

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You may also see the link below for more information:

When should you include Form 8962 with your tax return?

Re: 1095-A tax credit was not reported in error for 2020 and IRS already accepted e-filing. Is th...

hsim1 — Wed, 10 Mar 2021 13:18:12 GMT

Cass0317, am grateful for your reply. Will do.