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

Level 1
 
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Level 15

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...

 


ex-AllStar

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Level 15

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

 


ex-AllStar
Level 1

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.

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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 ...


ex-AllStar
Level 15

New update to 2020 - It is in Screen 53.014 California Premium Assistance Subsidy Credit like old IRS 1=entire household covered for all months, 2=no months. 

 


ex-AllStar
Level 15

There is no federal penalty for 2019 and 2020.


ex-AllStar
Level 15

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...

 


ex-AllStar

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