Entering exactly as 1095-a has it in first line 21 January, all three columns have $0.00. Enter it and causes an error that says, monthly premium has zero entered. The corresponding entries for this month are zero or blank, please delete this zero.
As the IRS form input wants it as it says with $0.00 my fed tax bill is one number. Leaving out the zero's as turbo is telling me to changes what I owe. Suggestions? Thanks
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Omit the zeros. Leave those spaces blank.
Tried it, it alters what I owe on my taxes. Do it the way the IRS form is I pay one figure, do it the way TT wants it and I pay a different amount. That is the problem.
@muttmower wrote:Tried it, it alters what I owe on my taxes. Do it the way the IRS form is I pay one figure, do it the way TT wants it and I pay a different amount. That is the problem.
As was said, leave them blank.
If you enter zeros and it give you errors, the program may not be calculating things correctly because of those errors.
It is correct that you should leave the fields blank.
The change to tax is not because of an error related to the 0's. Instead, TurboTax was not able to tell you the change to your tax until you took out the 0's.
It can certainly be frustrating to pay back some of the advanced premium tax credit. This can happen when your actual taxable income ends up being more than what you estimated when the advance premium credit was calculated.
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