Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Advance Premium Tax Credit REPAYMENT/Inheritance Income
Advance Premium Tax Credit REPAYMENT/Inheritance Income
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
joutlan
Level 1
03-06-2019
04:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hey guys and gals....my client and his wife live on 28K social security....his wife received around 65K on the death of her mother in 2018 in a lump sum via a 1099R.
It doesn't seem "right" to me the program is calculating 8800 bux for them to pay back Adv Prem Tx Cr as if their income changed for the whole year. I could see taking back one month of premiums. If I'm correct on the theory of this then I've missed something in the program which is fairly new to me although I've been doing this 38 years. LOL thanks
Any thoughts?
Labels
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
