Here are instructions on how to allocate the information on the 1095-A so your son can use that information to file the 1095-A form on his return.
- Since you did NOT tell the Healthcare Marketplace (usually when they applied for health insurance) that your son was not going to be your dependent (because you did not know), he won't receive a 1095-A of his own.
- He will need to get a copy of your 1095-A and enter it on his tax return. On the screen after entering the 1095-A, you will check the box indicating that the policy was shared by somebody that is not on his tax return. It will then prompt him with further questions to determine how much of it is "allocated" to him (even if it is 0%). You as his parents would follow this same procedure.
- If there was Advance credit received (column C of the 1095-A), your parents have the option to claim 100% of the 1095-A on their tax return, or to "allocate" part (or all) of it to your son. If you both agree, the allocation can be anywhere from 0% to 100%. If you can not agree and Advance credit was received (column C on the 1095-A), then it is divided by the number of people on the insurance policy. For example, if the insurance policy covers 4 people, each person is allocated 25%.
@Taxissues2021
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
