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There is a waiver of the pay back of the premium tax credit. How is that entered on Proseries?

UtaxIndy
Level 1

Taxpayer has to repay a portion of his premium tax credit.  As part of the CARES Act, that repayment is waived.  How is that credit entered or recognized in Proseries.  Where is it entered to reflect the non-payment requirement.

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3 Comments 3
jeffmcpa2010
Level 11

From what I recall the answers to the dozens of times this has been asked, the IRS is still in process of updating the form, after which Pro-Series will be able to begin integrating that to the software.

(Hoping my memory is correct on this one)

abctax55
Level 15

You have to wait for:

1) The IRS to update the Form 8962

2) Intuit to reprogram the software for the IRS update to Form 8962

 

"*******Tax software is no substitute for a professional tax preparer*******
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abctax55
Level 15

Jinx

"*******Tax software is no substitute for a professional tax preparer*******
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