TurboTax does not give advice for filing the form 8962 on paper. To prepare the 8962 in TurboTax, use your parent's 1095-A is you did not receive one and if you are not their dependent.
You will answer Yes, to the question about receiving a 1095-A
Then follow these steps:
- Federal
- Deductions and Credits
- Medical
- Affordable Care Act (Form 1095-A)
Fill in the first page exactly as it is on the 1095-A
The next page will say: Let us know if these situations apply to you
Check I shared this policy with another taxpayer who is not on my taxes
On the next page put in your parent's social security number
Use the social security number of the parent who is the main filer on the return
Use zero for your Premium Percentage, SLCP Percentage, and PTC Percentage
The IRS only requires that both of you agree on the percentage that you are claiming and that the percentages for each field add up to 100%. Since your parents claimed 100%, you will claim zero and the percentages will be correct.
Form 1095-A is a form that is sent to Americans who obtain health insurance coverage through a Health Insurance Marketplace carrier. The form does not have to be returned to the government but serves as a record of the individual's coverage.
