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How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

Hi,

I'm in a situation that requires me to enter a different annual SLCSP amount on Line 11.B. than that which appears on my 1095-A, which I was required to enter into TurboTax and which automatically sends its numbers from there to Line 11 of Form 8962. (As a side note, my situation is basically the situation described in Example 4 from 26 CFR § 1.36B-4(a)(4); see also IRS instructions for Form 8962 p 12).

Unfortunately, I cannot find a way to override line 11 in order to enter the correct SLSCP, which, BTW, is the same for each month, hence no need to answer "No" to line 10 and enter amounts for each month - although, incidentally, even if I wanted to do that there doesn't seem to be any way to select "No" in answer to line 10, at least in "forms mode." 😛 

Does anyone have any suggestions for me?

Thanks. 🙂

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1 Best answer

Accepted Solutions

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

The 1095-A is not part of the tax return.  TurboTax has you enter it merely as a method to fill out Form 8962.

 

Yes, it is possible the IRS could send a notice asking why the 8962 shows a different amount for the SCLSP as the 1095-A.  Just respond with the facts and how you calculated the correct SLCSP.

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6 Replies

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

Obviously, you cannot override that line. Take a look at the data source.

 

 

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

Thanks for responding TagTeam. 🙂 Would you be willing to elaborate on "take a look at the data source"? The data source is the 1095-A, but I'm in a situation in which the IRS requires a different SLCSP number be entered than that which appears on my 1095-A, such as that described in Example 4 from 26 CFR § 1.36B-4(a)(4) and on page 12 of the IRS instructions for Form 8962 (accidentally said page 22 v. 12 in original post). 

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

When entering your 1095-A, enter the SLCSP that it SHOULD be, not what the 1095-A actually shows.

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

Thanks for your input. 🙂 My only concern, won't that confuse the IRS and perhaps lead to a return rejection, if the 1095-A info I enter is different from what shows on the copy of 1095-A that the IRS has been sent?

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

The 1095-A is not part of the tax return.  TurboTax has you enter it merely as a method to fill out Form 8962.

 

Yes, it is possible the IRS could send a notice asking why the 8962 shows a different amount for the SCLSP as the 1095-A.  Just respond with the facts and how you calculated the correct SLCSP.

How can I override Line 11 of Form 8962 (re the Premium Tax Credit)?

Gotcha. Thanks AmeliesUncle! 🙂

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