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Monthly Fed PTC amount not flowing to CA FTB 3849

UberSuave
Level 2

My client has a large refund on CA return after the suspension of repayment of Excess Advance Payment of the PTC. I believe it is due to the suppression of the 8962 form as Proseries fix for the change. Now CA is calculating a huge monthly PAS amount allowed. How do I correct this?

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4 Replies 4
Just-Lisa-Now-
Level 15
Level 15

Yes, I saw several large refunds on CA when they had a payback on the fed that was waived. 

Why they cant make these break even instead of juggling money back and forth is just plain silly.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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UberSuave
Level 2

Do you have a solution to this? Any workaround?

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Just-Lisa-Now-
Level 15
Level 15
I let them get the refund, just because the federal waived the payback, that shouldn't change the CA return.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15

Spidell is a great resource for all things CA tax related:

https://www.caltax.com/search-results/?search=3849

No *workaround* is needed...

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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