PTC is calculated on a monthly basis when there is not a full year of coverage. Answering No to line 10 will populate the months of coverage rather than just the total for the year.
Form 8962 advanced premium credit repayment
Collapse
X
-
edit: your question only makes sense if you are asking about answering "Yes", not "No" to Line 10.
Let's see...maybe the form instructions which are indicated for Line 10 might have an answer. Checking...
Oh, good. When the IRS says to see the instructions, they actually have instructions.
If you were enrolled in a qualified health plan for
fewer than 12 months during 2024, check “No”
and continue to lines 12 through 23.Last edited by Rapid Robert; 02-26-2026, 01:32 PM.Leave a comment:
-
Form 8962 advanced premium credit repayment
Customer (MFJ) had modified AGI Iin 2025 of about $53-K. He turned age 65 mid-year & enrolled in part "B" so he only had
marketplace insurance for January thru June. He was the only spouse covered by the policy as wife is older.
He was not enrolled for all 12 mos because he went on part "B" mid-year.
His marketplace ins premiums were the same for each mo he was enrolled
SLCSP premiums were the same for each month he was enrolled
Advanced premium credit was the same for each month
Can question #10 be answered "NO" even though he was not enrolled for all 12 months ?
Thanks for comments.
Tags: None
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Leave a comment: