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Deductions & credits
Hello, thanks for your response.
We will not be allocating any premium tax credits with my stepsons for their tax returns since my Wife and I completely financially support them, and my Wife and I need all the help we can get.
Just to clarify if the text was not clear in my original message, I was stating that CoveredCA told me that whether or not our adult children cannot be claimed as our dependent(s), they wanted us to use their combined income with mine on the CoveredCA application to determine what we are eligible for as a household. This was in addition to of course counting them to be covered by the insurance.
Was it right for us to be asked to use my stepsons' income for their application even though we cannot claim them as dependents in 2020?
In the same vain, if we could have claimed my stepsons in 2020, would that have been correct to also use their income in CoveredCA's application, and then use their AGI in our 2020 return in the form 8962 section?
Please let me know with these questions. I appreciate your help.
Thank you