Market Place Insurance

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  • rwm221
    Senior Member
    • Feb 2018
    • 136
    #1

    Market Place Insurance

    I have a client who has a business and lost money this year -2000. He also has marketplace insurance. When I went through 8962 it says it wants all of it money back $11,000. Did I do something wrong
    Tags: None
    • TaxGuyBill
      Senior Member
      • Oct 2013
      • 2367
      #2
      Was that his only source of income? What does Line 3 of Form 8962 show?

      He received Advance credit of $11,000-ish (column C of the 1095-A), right?

      Is he Married Filing Separately?

      Is the taxpayer a dependent?

      Assuming he is not a dependent, some software you need to indicate the taxpayer is NOT a dependent in order for the software to calculate Form 8962 correctly. If you are unsure how to do that, let us know what software you use and maybe somebody can help you find that.

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        • terryats
          Senior Member
          • Jan 2019
          • 285
          #3
          When you filled out the 1095A did you fill in all three columns

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