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Form 8692 part 4
I am the listed recipient on a 1095-A i received. My mother is the only covered person in the policy. I am not claiming her as a dependent on my tax returns.
Do i have to file a form 8692?
What percentage of shared allocation should we/she put on form 8692 part 4?
thanks!
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February 7, 2020
4:59 PM
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Deductions & credits
You do not report it since your mother was not your dependent. Give the form to your mother or who ever is claiming her as a dependent. They would file it with their income tax return.
February 8, 2020
8:19 AM
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Deductions & credits
Should she put 0% or 100% as Shared Allocation in part 4 under my social security #? (Turbotax is asking to fill this section out)
February 9, 2020
8:27 AM
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Deductions & credits
As the only covered person, she is 100%. If she shared the policy with someone, she could be 50%.
February 9, 2020
8:58 AM
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