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Should I wait filing my tax if other person who I share Obamacare plan already filed and forgot to claim his share?
I am sharing my ObamaCare (Affordable Care Act) plan with my adult, non-dependent son. We were to split the cost etc. 50/50. But he made a mistake; he didn't claim his 50% share in his Fed return and he did claim 50% in state (California) return. (Because California has its own subsidiary, there is a separate form.)
After searching Q&A, he cannot file an amend return immediately; he has to wait until IRS finalize his tax (i.e. refund is issued). In this situation, should I wait my filing by applying for extension? I am afraid that IRS would detect the inconsistency between my filing and his filing, and tell me that I must claim 100% since my son didn't, if I go ahead and file mine now. Is this a good strategy or am I worried too much?
May 6, 2021
8:34 PM