1095-a and CA 3849
View More DetailsI use Pro Systems. I input the 1095-a which has Part III - col a - $15,483, col b - $14,734 and col c - $13,584. The federal return calculates correctly and shows that they do not owe back the PTC (even though they are over the threshold for the federal poverty line).
I then input form 3895 and check the box in the software that this is indeed form 3895. The 3895 is exactly the same as the 1095-a except there are zero monthly advance payments (col c). By doing this the CA return is coming up with a Net Premium Assistance Subsidy of $8,686. Does this make sense? Not only is the taxpayer being forgiven the full $13,583 advance premium for federal they are also receiving an additional $8,686 from CA. The two added together = $22,269 is $6,786 more than the total yearly enrollment premiums.
I would greatly appreciate any thoughts! Thanks