Taxpayer in poor health applies for the ACA health insurance subsidy. Insured dies during the tax year having received a $7000 subsidy based on the income projection. Form 1095A shows this subsidy. At the time of death the insured has received less than the income projection. A non-beneficiary IRA was distributed just prior to death. The distribution brought the household income shown on Form 8962 to over the 400% category of income. Form 8962 then shows that the entire subsidy must be repaid in spite of being deceased. Could there be some exemption relief?
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You already posted this a month ago and received six responses. Why are you starting a redundant new thread? What follow up questions do you have related to the replies you already received?
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard -
It is interesting that in your older post, you said the distribution was "after the fact", but now you are saying it was "prior to death".
As Robert said, you need to stick to one thread and add any additional information, comments, answers and questions.Comment
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Assuming he was single, nothing can be done. If he was in poor health, I think it's safe to assume he received more in medical benefits that he paid in insurance.Comment
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