You asked about whether your son's income will be included on Form 8962. It will not be included. On Form 8962 your tax family is you and your dependents. The household income is the total of your modified AGI and your dependent's AGI. Your son's income will not be include in 8962, even if he is a member of your household, because he is filing his own return.
Enter your 1095-A using the TurboTax interview to create the Form 8962.
Follow these steps:
- Federal
- Medical
- 1095A
- Yes to received a 1095-A
- Fill in the information exactly as it appears on the 1095-A
- Click the box for I shared this policy with another taxpayer who is not on my taxes
- Enter your son's social security number
- You and your son need to agree on the percentage of the premium, SLCSP, and Advanced Payment of PTC
- The rule is that you both must agree to the percentages and the percentages much add up to 100%
TurboTax will calculate your premium tax credit and create your form 8962. Your son's income will not be included on the 8962 because he is not a dependent on your return.
[edited 3/5/2021 | 12:30 pm PST]
