Background:
I've got a twist in my taxes after transitioning from COBRA to ACA mid-year.
ACA kept wanting more income doc, etc. to prove I was qualified. No problem. But it went kinda ssssllllloooooww. The ACA enrollment confirmation went 3 weeks into the next month and I ended up paying 1 month of full-priced COBRA overlapped with 1 month of subsidized ACA as I wasn't going to cancel COBRA until I knew I had replacement coverage.
I documented multiple calls with the healthcare.gov help line confirming ACA eligibility and following up with their documentation reviews.
The extra month of increased COBRA shows up in the former employers 1095-C.
The overlapped month causes the TaxAct software to reclaim the ACA subsidy for that month (capped at $600). I've already eaten that months COBRA costs that could have been avoided if ACA would have confirmed quicker, don't to cough up another $600 in subsidy clawback.
The question:
In days of yore, people would attach additional notes/documentation/explanations to the tax forms. I'm thinking of attaching documentation to my 1040 to explain why I'm documenting the 5 months of subsidized COBRA and not the 1 month of full-priced COBRA during the overlapped transition month.
Has anybody here appended additional doc to a 1040 in recent history
Any indication as to if it made it to your file or got filtered off because it didn't "fit" in the system?
I've got a twist in my taxes after transitioning from COBRA to ACA mid-year.
ACA kept wanting more income doc, etc. to prove I was qualified. No problem. But it went kinda ssssllllloooooww. The ACA enrollment confirmation went 3 weeks into the next month and I ended up paying 1 month of full-priced COBRA overlapped with 1 month of subsidized ACA as I wasn't going to cancel COBRA until I knew I had replacement coverage.
I documented multiple calls with the healthcare.gov help line confirming ACA eligibility and following up with their documentation reviews.
The extra month of increased COBRA shows up in the former employers 1095-C.
The overlapped month causes the TaxAct software to reclaim the ACA subsidy for that month (capped at $600). I've already eaten that months COBRA costs that could have been avoided if ACA would have confirmed quicker, don't to cough up another $600 in subsidy clawback.
The question:
In days of yore, people would attach additional notes/documentation/explanations to the tax forms. I'm thinking of attaching documentation to my 1040 to explain why I'm documenting the 5 months of subsidized COBRA and not the 1 month of full-priced COBRA during the overlapped transition month.
Has anybody here appended additional doc to a 1040 in recent history
Any indication as to if it made it to your file or got filtered off because it didn't "fit" in the system?