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How do I let irs know I have an hra and dont qualify for net premium tax credit?

Turbo tax has nowhere to input tbe fact that I opted for an hra instead of tax credits.
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2 Replies
Vanessa A
Expert Alumni

How do I let irs know I have an hra and dont qualify for net premium tax credit?

This is a situation that TurboTax does not handle and there is not a spot on form 8962 to indicate that you do not qualify for the Premium Tax Credit. In order to show this to the IRS, you would need to go back to the 1095-A entries and chance column B to $0.  This will keep a PTC from being calculated for you.  You will then need to print and mail your return with a statement attached to form 8962 stating that you were not eligible for the Premium Tax Credit so the IRS does not recalculate your Premium Tax Credit as they use the form and your income.

 

 

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How do I let irs know I have an hra and dont qualify for net premium tax credit?

Just enter 0.01 for the SLCLP (column B of the 1095-A).

 

In the event you get a letter from the IRS about (which is uncommon), just reply with the facts.

 

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