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Level 1
April 6, 2021
Question

When will the Premium Tax Credit Form be updated? I am still not able to process returns showing excess advance payment since they are showing repayment due.

  • April 6, 2021
  • 2 replies
  • 13 views
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2 replies

abctax55
Level 15
April 6, 2021
BirminghamBert
Level 4
April 7, 2021

If you haven't already found out, the IRS and Intuit have just fixed this issue. 

Level 3
April 7, 2021

How was it fixed? Is there something that needs to be done in in Pro Series so the excess PTC is not taxable?

BirminghamBert
Level 4
April 7, 2021

I don't use Pro Series, I use ProConnect . On it you just check the Box "apply American Rescue Plan Act provisions" under Misc. Info/Direct Deposit, the Miscellaneous tab. 

 

Good luck.