Question
premium tax credit calculation
client received ssdi distribution of 50,000 from which 6000 was deducted for attorney fees. Additionally 2000 and 23800 were for previous years. This is causing a large premium tax credit balance due. Taxable income for the year was 700. If I show the ss benefits net of the atty fees. it is reduced by over 500. Can I do this and attach a note?
