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Level 3
December 7, 2019
Solved

Is there a way to make Lacerte use the Simplified Calculation Method (instead of the Iterative Calculation Method) for determining the S/E Health deduction?

  • December 7, 2019
  • 2 replies
  • 25 views
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Best answer by George4Tacks

You can make an override [O] entry, if you don't like the computed value. Lacerte does not do EVERYTHING. 

2 replies

bzachAuthor
Level 3
December 7, 2019
Client has premium tax credit and will have to repay some. I've done the calculations outside of Lacerte, but seems like Lacerte should be able to switch between methods.
George4Tacks
Level 15
December 7, 2019

You can make an override [O] entry, if you don't like the computed value. Lacerte does not do EVERYTHING. 

Answers are easy. Questions are hard!
Level 3
April 10, 2021

How and where do you make the override for the Iterative Method for the 1095-A SE Health Insurance?

Level 3
April 10, 2021

I figured it out!