Tax year 2021 question. I have read the IRS instructions for Form 8962 and the instructions state if your FPL (Line 5) is calculated above 400% (Turbo Tax puts 401% for anything over 400%) then Line 27 APTC must be repaid in full. However, Turbo Tax Deluxe is entering 2,700 as the Repayment Limitation (Line 28) for MFJ even though Line 5 is showing 401%. The 2,700 cannot be overridden. How is this determined and is this an error? Based on the instructions this appears to be an error. Please help.
I picked Turbo Tax CD or Download Premier even though I'm using Turbo Tax Deluxe. Deluxe was not an option in the dropdown.
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Irishp
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Harold33
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