Form 8962

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  • MANDAN
    Junior Member
    • Dec 2015
    • 25
    #1

    Form 8962

    I have this client received advance PTC. Form 8962 line 5 206%; line 8a 5986; line 8b 499; line 11a total $13260; line 11b total 12552; line 24 6564; line 25 8277; I use proseries, no repayment of excess advance payment show on line 46 of 1040. What am I missing? Doesn't he have to pay back 8277-6564=1713. IRS repayment limitation table for 2015 show limitation $1500. So he has to repay $1500. Is that correct?
    Tags: None
    • TaxGuyBill
      Senior Member
      • Oct 2013
      • 2320
      #2
      Did you check the box that the taxpayer is not a dependent?

      https://accountants.intuit.com/support/tax/proseries/document.jsp?product=PROSERIES_TAX&id=INF29575&src=twitter

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