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Deductions & credits
It appears the shared policy allocation may be applicable. Here are the situations leading to shared policy allocation.
- The 1095-A lists a covered person who is not on this tax return or,
- 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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February 13, 2022
11:52 AM
1,096 Views