If you are going to split the allocations evenly between each of you, the percentages that each of you enter for your premium, your SLCSP, and your advance payment should add up to 100% together.
Both you and your two children need to enter a copy of the Form 1095-A that you received on each of the tax returns. TurboTax will ask you questions about if the policy was shared with someone and how to allocate the costs and credit. Follow the instructions below.
- Login to TurboTax
- Select Federal on the left menu and Deductions & Credits
- Scroll down to Medical and select Show More
- Select Start/Revisit next to Affordable Care Act (Form 1095-A)
- Answer yes, I received Form 1095-A
- Enter the information and select Continue
- Select I shared this policy with another taxpayer who’s not on my taxes and Continue
- On the next screen you will enter the SSN's for your children and the start and end months that you shared the policy with your children
- You will also choose the percentages of the amounts you want to claim on your tax return. All percentages should add up to 100%
- TurboTax will calculate the information that should be on your return based on your answers.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
