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New stuff with health insurance this year? (form 1095)
I'm helping to file for my relatives and have stuck on form 1095-A. In a program, at the section Deductions&Credits -> Medical, within "learn more" of the Affordable Care Act, there is a statement:
"If you received a 1095 form for your health insurance plan, we still recommend entering your health insurance info just in case you qualify for a tax credit (or to reconcile any advance payments)"
So, my question is: if it's "recommended", then it's not required, right?
Considering, there is no penalty for the absence of health insurance...
Plus, on the form itself there is a statement: "do not attach to your tax return. keep for your records"...
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March 16, 2020
10:01 PM