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On the federal tax return for 2016, we were assessed a penalty for not having health insurance at some point in the year. This is not correct! We were insured all year

We had Medicare all year, as indicated on the income statements from Medicare. Can you refile to correct this????
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iflyc182
New Member

On the federal tax return for 2016, we were assessed a penalty for not having health insurance at some point in the year. This is not correct! We were insured all year

IF YOU HAVEN'T ALREADY FILED, YOU MAY BE ABLE TO DIG DOWN INTO TURBOTAX TO CORRECT THE PENALTY.   FAILING THAT, YES,  
YOU CAN FILE AN AMENDED RETURN, IF YOU CAN GET TURBO TAX TO PREPARE THE RETURN TO MATCH YOUR CLAIM.  YOU WILL ALSO NEED TO INCLUDE SUPPORTING DOCUMENTS, SUCH AS YOUR MEDICARE STATEMENTS.  YOU MAY ALSO NEED FORM 2210 WHICH PROVIDES AN OPPORTUNITY TO EXPLAIN WHY YOU SHOULDN'T HAVE TO PAY THE PENALTY, BUT THIS FORM IS VERY TEDIOUS AND NOT STRICTLY RELEVANT TO PENALTIES ASSOCIATED WITH OBAMACARE.  (I HAD A SIMILAR SITUATION RE AN OBAMACARE UNDER-PAYMENT PENALTY.)  A LETTER WITH YOUR 1040X EXPLAINING YOUR REASONING MAY BE SUFFICIENT.  IN MY OPINION TURBOTAX SHOULD HAVE DISCOVERED THIS PROBLEM AND PROVIDED A WAY TO CORRECT BEFORE YOU FILED.

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1 Reply
iflyc182
New Member

On the federal tax return for 2016, we were assessed a penalty for not having health insurance at some point in the year. This is not correct! We were insured all year

IF YOU HAVEN'T ALREADY FILED, YOU MAY BE ABLE TO DIG DOWN INTO TURBOTAX TO CORRECT THE PENALTY.   FAILING THAT, YES,  
YOU CAN FILE AN AMENDED RETURN, IF YOU CAN GET TURBO TAX TO PREPARE THE RETURN TO MATCH YOUR CLAIM.  YOU WILL ALSO NEED TO INCLUDE SUPPORTING DOCUMENTS, SUCH AS YOUR MEDICARE STATEMENTS.  YOU MAY ALSO NEED FORM 2210 WHICH PROVIDES AN OPPORTUNITY TO EXPLAIN WHY YOU SHOULDN'T HAVE TO PAY THE PENALTY, BUT THIS FORM IS VERY TEDIOUS AND NOT STRICTLY RELEVANT TO PENALTIES ASSOCIATED WITH OBAMACARE.  (I HAD A SIMILAR SITUATION RE AN OBAMACARE UNDER-PAYMENT PENALTY.)  A LETTER WITH YOUR 1040X EXPLAINING YOUR REASONING MAY BE SUFFICIENT.  IN MY OPINION TURBOTAX SHOULD HAVE DISCOVERED THIS PROBLEM AND PROVIDED A WAY TO CORRECT BEFORE YOU FILED.

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