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A client has an ICHRA which makes them ineligible for the Premium Tax Credit on health insurance purchased through the exchange. Where do you indicate the ineligibility?

Sullivan-CPA
Level 2
Individual Coverage HRA makes taxpayer ineligible for premium tax credit. Where do you indicate that ineligibility in Proseries?
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1 Comment 1
TaxGuyBill
Level 15

If a taxpayer is ineligible for the Premium Tax Credit for whatever reason, enter 0.01 for the SLCSP for each month.

 

It is possible the IRS could send a notice asking if the taxpayer is qualified, so you may want to let your client know that.