thank you so much for the response! Tried out multiple allocations in the system and it seems like somehow the 80-20 works the best for them (where it doesn’t hurt both the parents and child from a refund perspective)
follow up question though if you don’t mind- since the child was “ineligible” for marketplace credits for 5 months of the year since he had an employer offering insurance but he still received advance credits under the joint policy.. let’s say if the irs comes back and says repay the advance credits for these 5 months to the child because you were ineligible.. would it matter in that case if we allocated 20% of the policy to him versus 0%? If we allocated 0% would he hypothetically have to pay back 0 of the credit he received?
I hope this doesn’t sound confusing and I so very much appreciate your help.
