This is referring to the allocation percentage (generally) agreed to by you and the other taxpayer for the reporting of policy amounts in Part IV of Form 8962.
How you do this depends on your situation -- the IRS describes four different allocation situations in Part IV—Allocation of Policy Amounts in its Instructions for Form 8962:
- Taxpayers divorced or legally separated in 2022
- Taxpayers married at year end but filing separate returns
- No APTC and
- Other situations where a policy is shared between two tax families
Please read the instructions carefully to see what needs to be done.
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