Levon Johnson v. Commissioner

152 T.C. No. 6

UNITED STATES TAX COURT LEVON JOHNSON, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 1394-16. Filed March 11, 2019. In 2014 P received $4,460 in monthly advance payments of the premium tax credit (PTC) under the Affordable Care Act. P’s reported modified adjusted gross income (MAGI) was within the amount needed to qualify him for the PTC. P did not include in his MAGI all Social Security benefits received during 2014, which included a lump sum attributable to 2013. In his amended 2014 Federal income tax return P made an I.R.C. sec. 86(e) election to…