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Level 3
March 10, 2021
Question

Self-employed health insurance 1095-A repayments partially included

  • March 10, 2021
  • 1 reply
  • 8 views

Taxpayer is self-employed.  Spouse has a 1095-A and is repaying all of the premium credit.  Lacerte shows only a partial amount of payment as premiums with no description of how that was calculated.  Self employment income is 88,000 so its not being limited by the income.  Anyone else see that  or any idea how to see what lacerte is doing?  I tried showing the 1095-A as the taxpayer and it still doesn't use all the premiums.  Any thoughts appreciated.

 

Thanks

Bill

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1 reply

rbynaker
Level 13
March 10, 2021

You may want to put this on the "hold" shelf for now.  Section 9662 of the American Rescue Plan retroactively eliminates repayment of APTC for 2020.

Level 3
March 10, 2021

Thanks.  I hadn't had a chance to read that so I appreciate the info.  I'm still curious what Lacerte is doing.

rbynaker
Level 13
March 10, 2021

I don't know Lacerte but my guess would be that you're flirting with AGI around 400% of FPL.