DMarkM1
Expert Alumni

Deductions & credits

It appears the shared policy allocation may be applicable.  Here are the situations leading to shared policy allocation.  

 

  1. The 1095-A lists a covered person who is not on this tax return or,
  2.  A person on the tax return was enrolled in another taxpayer’s Marketplace coverage. (The person is listed on a Form 1095-A sent to a taxpayer not on this tax return.)

It would seem you have policies in your name that cover people not on your tax return.  Additionally, you parents are filing a return and each of them is enrolled in another taxpayer's coverage (yours). 

 

I assume you have three policies. You will allocate 100% of each parent's policy amounts to them.  They will need to enter both policies (one for each) into their returns.  You will also allocate 100% of your policy to you.

 

 

 

 

 

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