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My dependent received a form 1095-A. How to report it in two tax returns? How to enter $0 in one of the returns of Turbotax?
My dependent received a form 1095-A.
He applied to a Marketplace Health Insurance back in August 2023.
Who has to report it? Only the dependent? Only me? Or Both?
Based on another question posted in this forum, I see the following:
"The 1095-A is reported on BOTH the parents & the child's return AND the advance credit can be prorated anyway you wish as long as the total between the 2 returns is 100% .... SO both returns need to be completed using a combination on each return that totals 100% ... for instance 0% on the parents + 100% on the child OR 50% on each OR 25% + 75% OR any other combination that works best for BOTH returns combined."
Based on this information, my dependent should report the total of 100% (as he is entitled to the Premium Tax Credit). However, when I try to enter $0 in my application, Turbotax is asking me to enter a value greater than 0.
What should I do?