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Get your taxes done using TurboTax
I was on my parent's marketplace insurance. I started working in August 2020 and had insurance through my employer. My parents forgot to remove me from their insurance. I filed my 2020 taxes as an independent for the first time. I received a letter from the IRS that I need to send them a copy of the 1092-A and form 8962.
My questions are:
What do I put in 8962 where it asks for "Tax family"?
How does the percentage allocation affect my tax return? ex: I claim 0%, parents 100%
March 11, 2021
11:52 AM