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Marketplace-Granted Coverage Exemptions – Support

WEBTo enter a Marketplace-Granted Coverage Exemption, from the Main Menu of the Tax Return (Form 1040) select: Other Taxes Menu. Health Coverage Exemptions / …

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URL: https://support.taxslayerpro.com/hc/en-us/articles/360009174254-Marketplace-Granted-Coverage-Exemptions

Form 8962 Premium Tax Credit and Shared Policy Allocation

WEBThe Premium Tax Credit (PTC) is a refundable tax credit intended to help low to moderate income earners offset the cost of their Marketplace health insurance …

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Desktop: How to add a statement regarding marketplace insurance

WEBIf a tax return has received reject F8962-070, and neither the taxpayer nor anyone else in their household had health insurance through the Health Insurance …

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How is the Premium Tax Credit Calculated

WEBTaxpayers use Form 8962 to calculate the Premium Tax Credit (PTC). The amount of the PTC is then reconciled with any Advanced Payment of a Premium Tax Credit (APTC). …

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Coverage Exemption

WEBTo enter an Unaffordable Coverage Exemption, from the Main Menu of the Tax Return (Form 1040) select: Other Taxes Menu. Health Coverage Exemptions/Responsibility …

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ProWeb: Massachusetts Health Care Penalty and Exemption, …

WEBTo enter the Health Care information or exemption, from the main menu of the Massachusetts tax return select: Health Care Information - Schedule HC. Taxpayer - …

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ProWeb: California Form 3853

WEBBeginning with tax year 2020, the state of California requires residents and their dependents to obtain qualifying health care coverage, also referred to as Minimum Essential …

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Desktop: Nonresident of California Exemption from Healthcare

WEBTo complete Form 3853, from the California Nonresident Return menu select: Step 1 - indicating the months the nonresident exemption applies. Part III - …

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Desktop: Form 8889, Health Savings Account (HSA) – Support

WEBDesktop: Form 8889, Health Savings Account (HSA) A health savings account (HSA) is an account set up with a qualified HSA trustee that is used to reimburse qualified medical …

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ProWeb: California Form 3849, Premium Assistance Subsidy

WEBPAS and APAS are reconciled on Form 3849, Premium Assistance Subsidy. (Covered California refers to APAS as "California premium subsidy".) While there are several …

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Desktop: Form 8962

WEBAllocation of Policy Amounts (Form 8962 - Part 4) Allocation #1 - Note that every line in this menu relates to this taxpayer and this tax return except for the SSN, which is the other …

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Form 8995: Why Is QBI $0 or less

WEBThe deduction for any self-employed health insurance (Schedule 1 line 17). Thus, while the net profit from all qualifying business might be greater than $0, QBI …

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Form 8995 / 8995-A

WEBForms 8995 and 8995-A are used to calculate the QBID. Form 8995 is the simplified form and is used if all of the following are true: the individual has qualified business income …

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Desktop: Form 8965

WEBTo claim the AGI Filing Exemption in 2015, from the Main Menu of the Tax Return (Form 1040) select: Other Taxes. Health Coverage Exemptions/Responsibility Payment (8965) …

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Making QBID entries involving an S-Corporation (Form 1120-S)

WEBAn S-Corporation is required to report to its Shareholder (s) on the Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc., the information …

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Form W-2 Box 12 Codes – Support

WEBThere are several types of compensation and benefits that can be reported in Box 12 of Form W-2. Box 12 will report a single letter or double letter code followed by a dollar …

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