PTC

Forum|Forum|1 year ago
March 8, 2025
1 reply
25 views

I received two Form 1095-A's. During 2024, I enrolled my family in healthcare from the marketplace for the months of September and October only, and I received a 1095-A for that. I also enrolled my nephew over whom I am legal guardian, he lives with me, and I provide well over 50% of his support. I received a separate 1095-A for him also. The AGI I reported on my 1040 was $428,000. Given that amount is more than 400% over the poverty line applicable (live in Texas) and it is highly unlikely that I will receive the PTC (credit) do I even need to complete a Form 8962 at all? Second question, if I am obligated to file an 8962 with my tax return must I simply total the two 1095-A's that I received and report those as totals on the 8962, or complete an 8962 for each 1095-A I received?

BrittanyS

Level 12

Yes, you will include the 1095-A on your return even if you know you will not get any credit for the form. Not reporting the 1095-A could cause the return to be rejected if not included. To enter in TurboTax, you can enter each form separately. To enter multiple 1095-A's in TurboTax, follow these steps:

Sign in to TurboTax
Select Deductions and Credits
Click Edit next to Affordable Care Act (1095-A)
Enter the first 1095-A
on here's what we have for your 1095-As, Select add another

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w961hmkAuthor

Level 2

My employer paid for the advance premium payments and since nothing came out of my pocket I am not entitled to take the credit in accordance with what I have read. Therefore, I choose not to complete form 8962. It would make no sense since I am not eligible for the credit. Is that an incorrect assumption? Given that, why would I include the 1095-A if I am not filing form 8962? How would my return be kicked out if I don't file 8962?

w961hmkAuthor

Level 2

I did find proof that I did in fact pay this, so I will complete the 8962 and will get a tax credit. My AGI was $428,000, so would I still be entitled to that credit though?