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June 26, 2020
Question

Wife underestimated income for marketplace insurance by $3000.00. Penalty was $6600.00. No tax credit paid. Should at least pay a portion. Any ideas?

  • June 26, 2020
  • 1 reply
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1 reply

June 27, 2020

By "penalty" do you mean that the $6,600 appeared on line 2 of Schedule 2 (1040)?

 

What are the entries on lines 27-29 on your form 8962?

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