I just completed Form 8962 in the TurboTax desktop version. I need to pay back some of the PTC, but my CA refund hasn't been reduced by the amount I owe. Should it be automatically adjusted once I complete the Form 8962?
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The repayment of the premium tax credit (PTC) is taken out of your Federal refund (or added to your Federal tax due).
It does not affect your CA state refund.
The repayment of the premium tax credit (PTC) is taken out of your Federal refund (or added to your Federal tax due).
It does not affect your CA state refund.
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