@f404 wrote:
@Bsch4477 thank you for this useful info!
would this alternative process work:
Since IRS is asking me to fill out Form 8962 because my dependent daughter was on my partner's 1095-A form, but with allocation of 0% - then the premium tax credits would then apply entirely to my partner, correct?
I don't have any experience with the PTC, so I can't answer this specific question.
But, if you think you will do better by filing amended 2023 returns to move the dependent around, then your reply to the current IRS letter would be to say, "We are filling amended 2023 returns so that the child's mother, in whose name the 1095-A was filed, will be claiming the credit, and the child will be removed from my 2023 tax return." (or something similar like "I'm not going to send updated PTC info since we are amending instead, but if you have questions after the amended returns are processed I will be happy to follow up.")
In other words, don't submit any documents to explain the 2023 return if you plan to amend them instead, because then the documents you submit would no longer apply. Don't mail the amended returns to the office that sent the notice unless they specifically ask, you should either e-file or mail the amended returns using the normal process.
