1095B

Forum|Forum|5 years ago
February 4, 2021
1 reply
0 views

No text available

Cass0317

Level 10

What is your specific question about the 1095B? I am posting some information below regarding the 1095B below for you. If this does not answer your question, please feel free to reply back to us so we may assist you.

A 1095B is only to be kept for your records. You do not enter any fields from 1095B into TurboTax. Only 1095A gets entered.

Do I need to enter a 1095-B?

randharr

Level 2

I received the information that a 1095B is not required for usage during the filing process. My question is, how is my insurance information applied to ensure I receive credit for being insured during 2020? Or a different way to ask is, does not having a 1095A affect how my insurance information is applied?

DoninGA

Level 15

@randharr wrote:

I received the information that a 1095B is not required for usage during the filing process. My question is, how is my insurance information applied to ensure I receive credit for being insured during 2020? Or a different way to ask is, does not having a 1095A affect how my insurance information is applied?

On a federal tax return there is no penalty for not having health insurance. Not having a Form 1095-A - if you did not have health care insurance through one of the state Marketplace Exchanges that does not affect your federal tax return in any way.