jklcpa

Do you know if a final PY return for a taxpayer that moved from OR be considered a "resident" return for this purpose?

Maybe try the practitioner priority line.

Last login Oct '24, but ppeople can still visit and read posts without doing that.

She was logged in here and "liked" some posts last Thursday.

@mcb39 With all of the figures, I am calculating a repayment of only $704 on the 8962, the same as what TexTaxToo came up with also. I've made a pdf of the results on the 1040 pg 1, Sch 2, and all of the 8962 details and worksheets that may be easier for you to work with to compare to yours. I still think you must be missing some little piece of input or a checkbox somewhere. At this point, I'd suggest that you print out your forms and worksheets that ATX is producing and go line by line to find the difference from yours to mine and maybe that will give us a clue to this puzzle. 8962 Alt Calc-Nov marriage.pdf

Those are the exact figures and AGI I was getting too in order to come to that taxable portion of the SS, but I wasn't sure why mcb said the AGI was the $61, 531 and didn't look back to realize that was the orginal AGI so I didn't take the calcs any further. Thanks for continuing on with it.

Don't worry about the name at this point. I can get to within $1 of your taxable SS, but playing with the numbers, I can't get to the AGI you have. I get close to your AGI number if that were on line 9, but with that taxable SS not being the full 85% of the gross benefits, I get a lower AGI than you provided. I would need each of the lines 1z, 2b, 3b, 4b, 5b, 7 & 8 from the 1040, if there is any tax exempt interest income, and whatever might be on Sch 1 to get the correct numbers flowing to the MAGI worksheet. If you want to post that, or send privately by PM, email, or call me on the phone, I can send you my contact info. I am still willing to work through this if you think I can still help in some way.

If you want, I will plug in the new income numbers. If you give me: total AGI with the taxable SSA included, gross SSA, and taxable portion of the SSA I should be able to get the worksheets to show the amounts on their proper respective lines. Nothing else changed?

Marilyn, I'm surprised that ATX doesn't calculate the MAGI for you. If you give me revised figures I can have a new result for you in a couple of minutes. At least you will know what to aim for. The other thing I realize is that you are getting a variety of error messages because you are deleting the 8962 with each reject instead of trying to use the rejected one and fixing the error it generated. There should be "2" as the family size on line 1 of the 8962, but on the spouse's alternate worksheet the family size should be "1". You shouldn't have any entries anywhere for the husband except how the joint MAGI and joint poverty level affects the calculations in the first section at the top of the 8962 and where the joint MAGI is divided in 1/2 on the spouse's worksheet. Are you willing to try again?

https://www.journalofaccountancy.com/issues/2019/sep/tax-claim-child-dependency-by-noncustodial-parents/

Unless you are changing or adding items of income that are affecting MAGI, I really don't understand how the spouse's monthly contribution amount keeps changing. That makes no sense to me.

My other thought is to make sure that the 8962 entry area indicates "S" that it is only for the spouse and that whatever entries are there are all for the spouse (if it requires entries for her name, SSN, dates of coverage, etc) so that nothing indicated relates to the taxpayer. That would be something easy to overlook if you've deleted the input and reentered multiple times. Sorry that I can't see your input to help directly with whatever ATX thinks it needs to make this work.

That is the exact same rejection error that Jason, the OP of this topic, had started with. Make sure that ATX produces these results: 8962, line 1 is a "2" box 9 is "yes" box 10 is "no" page 2, part V - should be blank for the taxpayer and filled in only for the spouse. In other words, make sure that ATX isn't calculating any alternative calculations for the taxpayer, it should be creating those only for the spouse. It sounds like somewhere along the way you have made an entry for the taxpayer to be included in the alternative calcs for ATX to be producing that error. How much of the alternative worksheets does ATX require you to manually enter, or is it producing my results based on very limited input from you?

Did you get my result? What does the reject error say is wrong?

I think your handling is correct. His K-1 activity is inside his IRA. Nothing to report on the 1040 except the 1099R. Her partnership investment is in a taxable investment but not on the broker's consolidated 1099, so you would enter the K-1 activity on the 1040.

What type of entity is shown on the K-1 as the owner of the account? Should be box "I" (Cap letter i) partway down the left side. Does it say "individual" or "retirement" or "IRA", or just what is in that box?

You might read this topic that was posted 2 weeks ago about the same issue:

Now you have to get the ATX program to produce that same result, if it is correct, and I can't help with that.

@mcb39 Marilyn, I am coming up with a repayment of $550, and this couple would have a repayment cap of $1,900 anyway according to the figures and the table in the 8962 instructions. You can ignore names and SSNs as this is from one of Drake's practice returns that I modified to fit the purpose. Please check forms to see that I've entered dollar amounts correctly and the answers to questions about the coverage and marriage date. You can download and print the pdf, and I've attached screenshots to view on screen for anyone that may want to check my work (probably a good thing at this point, very tired after really bad last 3 days. 8962 Alt Calc-Married Nov.pdf 8962, page 2 is mostly blank except for Part V that shows this: MAGI 8962 worksheet: Alternate Calc in Yr of Marriage Eligibility Worksheet: Worksheet for Spouse Alternate Monthly Contribution Amount: Last worksheet, Alternate Calc for Year of Marriage Totals Worksheet

I'll try to have an answer for you by the time you are back. In the meantime, I hope you enjoy the weekend away and not worry about this or the others on extension.

@mcb39 If you will post the following, I'll plug in some numbers for you and see what I get using the alternate formula in the year of marriage: MAGI The 3 amounts from the 1095-A: monthly premium, SLCSP, and APTC used. Tell us if the amounts from 1095-A are the same for all months of Jan-Nov

Which part specifically? Can you give us some data to work with, and what is going wrong, or what you don't understand?

Agree with both above. SSNs don't even show up on the 990 because they are available to the public, so it is for only the e-filing signature. Just have either use the current treasurer or one of the other officers sign and use that SSN.

Lots of that around here with medical practices too. My husband usually has to drive to his GP's office because they never answer the phone and their portal is useless ever since they were bought out by the major hospital here. It's right here in town, so only about 1/4 mile away. That hospital is buying up lots of the smaller independent offices. Today, husband drove about 10 miles round trip to his new ENT's office in order to change an appointment. They also never answer, and last week he'd left a message, someone called back on Monday only to have a click followed by silence on the other end when he answered the call. Yesterday he tried to call back 4 times without success, so he was mad enough to go in person today. Receptionist said that scheduling is outsourced to a third party. There are numerous and frequent complaints on social media about this particular office being hard to contact, and I knew it would be a problem. It's a shame because the original office was very responsive over the years my mother used them, but they merged with a larger practice sometime last year and this is the way the larger practice runs. Simply awful.

Best I can figure, he may be referring to the one-time setup of the MFA.