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Get your taxes done using TurboTax
Here is an example that applies to my return:
Example: Nate is working and not on his parents' tax return. He is on their Marketplace health plan and listed on their 1095-A. He didn't receive a 1095-A in his name.
He and his parents have to figure out how much of column A (monthly enrollment premiums), column B (monthly SLCSP), and column C (advanced payments) on their 1095-A will go on their return and Nate's return. They decided that Nate will enter 10% of those amounts on his return and his parents will enter 90% on their return. They could have decided to have 100% on the parents' return and 0% on Nate's return.
Question: If Nate takes 10% of column A and 10% of column B on his tax return, does he have to take 10% in column C (advance payments) or can the advance payments be a different percentage like 5% if his parents take 95% of the advance payments on their return.