You're right. Since he earned more than $4,150 in 2018, you can't claim him as a dependent. I just wanted to check that for sure before dealing with the health care stuff, so we handle it all correctly on both tax returns.
Basically, on the screen that asks for the numbers from the 1095-A you'll fill that out and then continue.
Then on the next screen you will select "Shared this policy with another taxpayer who is not on my taxes" and continue.
Then on the next screen you enter your son's SSN and if the policy was for the whole year, start month is Jan and end month is Dec.
Now assuming there's only three people listed on the 1095-A (you, spouse and son) your allocation percentages for all three boxes that ask for a percentage, will be 67%. Then continue on through.
Your son will use this same 1095-A information on his tax return. Now on his return for the SSN of who it was shared with, he will enter the SSN of the *first* person named on your joint tax return. Then all of his percentages will be 33%.
Now your son will need to have a copy of that 1095-A because the IRS is going to send him a letter requesting that he fax the IRS a copy of that 1095-A. So make a copy and give it to him now, so he has it on hand when that letter comes. No, do not send a copy of the 1095-A early. Wait until the IRS specifically asks for it. Trying to jump the gun with the IRS has a very high probability of gumming up their system and delaying his refund. So this is where patience on his part, is a virtue. 🙂
