Instructions For Form 1040-X - Amended U.s. Individual Income Tax Return (Page 3 of 15) in pdf

the carryback of a net operating loss, an unused general

Follow the 2013 Instructions for Form 8885 to figure your

business credit, or a net section 1256 contracts loss. If you use

HCTC, including the instruction requiring that you attach

Form 1040X, see the special instructions for carryback claims in

documents that prove that your health insurance plan is qualified

these instructions under

Special

Situations, later. A Form 1040X

and that you paid the qualified health insurance premiums.

based on a net operating loss or capital loss carryback or a

Qualified health insurance plans for tax year 2014 include all

credit carryback generally must be filed within 3 years (10 years

plans that were previously qualified and all qualified health plans

for carryback of foreign tax credit or deduction) after the due

offered through a Health Insurance Marketplace. Previously, the

date of the return (including extensions) for the tax year of the

first day of non-group (individual) coverage had to start at least

net operating loss, capital loss, or unused credit. If you use Form

30 days before the taxpayer became eligible for the HCTC. This

1045, you must file the claim within 1 year after the end of the

30-day requirement is eliminated for coverage months in taxable

year in which the loss, credit, or claim of right adjustment arose.

years beginning in and after 2014. Check

for

For more details, see the Instructions for Form 1045.

more information about proof of coverage and eligibility.

Part III. The HCTC now requires an election. You must elect

Reducing a casualty loss deduction after receiving hurri-

the HCTC for a coverage month for which you’re eligible for the

cane-related grant. You must file Form 1040X by the due date

HCTC. Once you elect to take the HCTC for a month in tax year

(as extended) for filing your tax return for the tax year in which

2014, the election to take the HCTC applies to all subsequent

you received the grant. For more information, see

coverage months in the tax year for which you’re eligible to take

Reimbursement received for hurricane-related casualty loss

the HCTC. Make the required election in Part III of Form 1040X

under Special Situations, later.

when explaining why you are amending your return. For

Retroactive determination of nontaxable disability pay.

example, “I am claiming the HCTC. I elect HCTC starting in

Retired members of the uniformed services whose retirement

January.” The election must be made within 3 years (including

pay, in whole or in part, is retroactively determined by the

extensions) after the date you filed your original return as

Department of Veterans Affairs (VA) to be nontaxable disability

described in

When To

File, earlier.

pay can file claims for credits or refunds using Form 1040X. You

Premium tax credit (PTC). Once you elect to take the HCTC

have until the later of (a) 1 year after the determination date, if

for a coverage month, you can’t claim the PTC for the same

the year at issue is no more than 5 years before the

coverage in that coverage month or in any subsequent coverage

determination date, or (b) the normal deadline for filing a claim

months during your tax year in which you’re eligible to claim the

for refund or credit. The normal deadline is the later of 3 years

HCTC. Correct any PTC you previously claimed on Form 8962,

after filing the original return or 2 years after paying the tax.

Premium Tax Credit, and attach Form 8962 when you amend

Attach a copy of an official letter from the VA granting the

your tax return. If advance payments of the premium tax credit

retroactive determination of nontaxable disability pay.

(APTC) were made for you, your spouse, or a dependent who

enrolled in coverage through a Health Insurance Marketplace in

The Combat-Injured Veterans Tax Fairness Act of 2016

2014, continue to report all APTC on Form 8962. However, leave

gives veterans who retired from the Armed Forces for

TIP

Form 8962, line 28, blank. The Form 8962, line 28, repayment

medical reasons additional time to claim a refund if they

limit doesn’t apply to coverage for which you elect the HCTC for

had taxes improperly withheld from their severance pay.

any month in the tax year. Don’t complete Part 5 of Form 8962

Veterans who are affected by this legislation will receive notice

for coverage for which you elect the HCTC for any month.

and instructions as to how to file an amended return to recover

the amount that was withheld.

When completing Form 8885, the cost of coverage used to

compute the HCTC includes the amount you paid to the

Special Situations

insurance provider for all the months subject to the HCTC

election plus the amount of the monthly APTC shown on Form

Many amended returns deal with situations that have special

1095-A, lines 21–32, column C, for the months you claim the

qualifications or special rules that must be followed. The items

HCTC. However, if you complete Part 4 of Form 8962, include

that follow give you this specialized information so your

only the enrollment premiums and APTC allocated to you.

amended return can be filed and processed correctly.

Other items on your return. You may need to adjust other

Only the special procedures are given here. Unless

items on your return. For example, claiming the HCTC can

otherwise stated, you still must complete all appropriate

change your:

lines on Form 1040X, as discussed under

Line

Medical expense deduction on Schedule A (Form 1040);

CAUTION

Instructions, later.

Self-employed health insurance deduction on Form 1040,

line 29;

Health coverage tax credit (HCTC) for 2014. Eligible trade

Net premium tax credit on Form 1040, line 69; Form 1040A,

adjustment assistance (TAA) recipients, alternative TAA

line 45; or Form 1040NR, line 65;

recipients, reemployment TAA recipients, Pension Benefit

Excess advance premium tax credit repayment on Form

Guaranty Corporation (PBGC) pension payees, and qualifying

1040, line 46; Form 1040A, line 29; or Form 1040NR, line 44;

family members, may be able to claim the HCTC for qualifying

Alternative minimum tax on Form 1040, line 45; Form 1040A,

health insurance coverage during 2014. If you think you may be

line 28; or Form 1040NR, line 43; and

eligible for the HCTC for 2014, see the 2013 Form 8885, Health

Nonrefundable credits.

Coverage Tax Credit, and its instructions or

for

Assembling and mailing your return. You must write

more information.

“HCTC” at the top of page 1 of Form 1040X and attach a copy of

an official letter from the PBGC, Department of Labor, or your

To claim the HCTC for 2014, you must first file an original

state workforce agency or employment office reflecting you were

2014 tax return without claiming the HCTC, even if you have no

eligible for trade adjustment assistance or received PBGC

other filing requirement. To amend a 2014 tax return to claim the

pension payments for the months you elect the HCTC. Also

HCTC, complete Form 1040X and write “HCTC” in large, bold

attach proof that your health insurance plan was qualified and

letters at the top of the form.

that you paid the qualified health insurance premiums. Mail the

Line 15. On line 15, check the box for Form 8885 and attach

completed Form 1040X, Form 8885, Form 8962 (if applicable),

the 2013 Form 8885. Cross out “2013” in the upper right corner

and supporting documents to the following address, regardless

of Form 8885 and write “2014” in large, bold numbers.

of where you live:

-3-

Instructions for Form 1040X (Rev. January 2017)

Instructions For Form 1040-X - Amended U.s. Individual Income Tax Return Page 3

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