Where do you enter health insurance coverage NOT through the ACA marketplace to avoid the ISR penalty calculation?

Forum|Forum|5 years ago
November 25, 2020
3 replies
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Lacerte Tax

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Best answer by George4Tacks

California? Not yet in the program, wait for at least the next 2020 program release. https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/how-do-i-tell-the-program-that-the-taxpayer-has-the-required/00/105715

George4Tacks

Level 15

Which year are you working on? There is no penalty in 2019.

Answers are easy. Questions are hard!

C

Cindy94930Author

Level 3

I am working on 2020. CA says their penalty, same as old Fed penalty, is calculated based on Fed input and there is no place for it in Lacerte. I understand many states have adopted the Fed penalty when the Feds ended it.

George4Tacks

Level 15

You are correct. There is CURRENTLY no input for that. Probably in the next update.
Did you click the link in the post below where you just posted?
Someday it will be in Screen 53 > California Premium Assistance Subsidy Credit > enter 1= entire household covered for ...

Answers are easy. Questions are hard!