UberSuave
Level 2
‎07-14-2021 04:49 PM

My client has a large refund on CA return after the suspension of repayment of Excess Advance Payment of the PTC. I believe it is due to the suppression of the 8962 form as Proseries fix for the change. Now CA is calculating a huge monthly PAS amount allowed. How do I correct this?

0 Cheers
Just-Lisa-Now-
Level 15
Level 15
‎07-14-2021 05:10 PM

Yes, I saw several large refunds on CA when they had a payback on the fed that was waived. 

Why they cant make these break even instead of juggling money back and forth is just plain silly.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
UberSuave
Level 2
‎07-16-2021 02:14 PM

Do you have a solution to this? Any workaround?

0 Cheers
Just-Lisa-Now-
Level 15
Level 15
‎07-16-2021 02:53 PM
I let them get the refund, just because the federal waived the payback, that shouldn't change the CA return.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
‎07-16-2021 03:06 PM

Spidell is a great resource for all things CA tax related:

https://www.caltax.com/search-results/?search=3849

No *workaround* is needed...

HumanKind... Be Both