You can continue listing your daughter under your insurance until she turns 26, even if you no longer list her as a dependent on your tax return. Since the policy was under your name and you shared it with your daughter, you can allocate the policy and the advanced premiums paid between yourself and your daughter how you wish, as long as the entire amount is being claimed. If you paid the entire policy yourself, the method you have chosen of claiming the entire amount for yourself and 0 for your daughter is reasonable. If you would like to allocate the plan in TurboTax differently:
- In Federal > Deductions & Credits scroll down to Medical and click Start/Revisit next to Affordable Care Act (Form 1095-A)
- Enter the information as it appears on Form 1095-A
- Let us know if these situations apply to you click I shared the policy with another taxpayer who's not on my taxes.
- Enter the allocation information that you have determined. Please note, the three percentages must be equal, if you are sharing 75% of the premium percentage, you must also share 75% of the SLCSP percentage and the advanced payment of PTC percentage.
Please note when your daughter files, she must claim whatever percentage you did not. If you claimed 75%, she must claim the other 25%. Do not do the allocation yourself from the numbers on the form. Enter Form 1095-A with the exact numbers it reports.
@davev1pa
