What adjustments to make for the suspension of requirement to repay Premium Tax Credit? If repayment is override to 0, the 8962 does not generate. How to force 8962?

Forum|Forum|5 years ago
April 12, 2021
2 replies
14 views

The IRS has suspended the requirement to repay excess advance payments of the 2020 Premium Tax Credit. I am able to override the repayment amount to zero by entering "-1" on 8962 screen. But then the 8962 no longer appear in the return. I am sure that the 1095-A information needs to be filed with the return, even if the repayment requirement has been suspended. How do I force filing of form 8962?

ProConnect Tax

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Best answer by sjrcpa

https://www.irs.gov/newsroom/irs-suspends-requirement-to-repay-excess-advance-payments-of-the-2020-premium-tax-credit-those-claiming-net-premium-tax-credit-must-file-form-8962

sjrcpaAnswer

Level 15

https://www.irs.gov/newsroom/irs-suspends-requirement-to-repay-excess-advance-payments-of-the-2020-premium-tax-credit-those-claiming-net-premium-tax-credit-must-file-form-8962

The more I know the more I don’t know.

F

florasbooks-icloAuthor

Level 2

Oh, I see! The 8962 is simply omitted from the return. Thanks!

angelinagunther

Level 2

I will try to over ride on form 8962 Thanks its for 2019 taxes, got a cp notice.

Angela

T

TaxGuyBill

Level 15

@ angelinagunther wrote:

I will try to over ride on form 8962 Thanks its for 2019 taxes, got a cp notice.

Angela

Why do you need to override anything? I suspect that you are entering something incorrectly and you don't need to override. What is the CP notice for?

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