The link below will help you figure out what to put on your own tax return and what should be put on your child's return(s).
The allocation percentage can be any amount between zero and 100% that is agreed upon by each taxpayer. If the taxpayers do not agree on an allocation percentage, then the allocation percentage is equal to the number of individuals enrolled by one taxpayer who are included in the tax family of the other taxpayer for the year divided by the total number of individuals enrolled in the same policy as the individual(s).
It is between all of you to figure out a percentage that works for all of you. Test it on your return, then decide how much to allocate to your other children.
This would be your percentage of premiums, SLCSP and advanced payment of the premium tax credit, then just provide the amount for each of them. They will need the 1095-A information for each of their returns plus the percentage allocated to them so that they can complete it accurately.
Review the various scenarios in the link below for assistance with your children's returns.
If you still want, you can start your contact by using this link: Contact us
- Make sure to have all of your details explained. You should copy part of this question to paste in the contact information when asked.
[Edited: 02/21/2021 | 10:13a PST]
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