sffdib
Level 5

A 2% Shareholder S-Corp client purchased health insurance through the Health Insurance Market place and was issued 1095-A. The advanced payments of premium tax credit is greater than the tax credit and reduced his refund. Could this advance payment be considered as health insurance cost on the return even thought it was not actually paid, it reduced the refund?

0 Cheers
dkh
Level 15

You need to read the following IRS information before you finalize your clients return with APTC

Questions and Answers on the Premium Tax Credit | Internal Revenue Service (irs.gov)

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