"I have 2 adult children that are covered on my Marketplace Insurance, Form 1095-A. They are at an age/income level that requires them to file their own returns and can no longer been claimed as my dependents on 1040."
If your adult children can no longer be claimed as dependents on your return, then you do NOT include their MAGI on your return. The MAGI is for ONLY for dependents.
If you still have them on your Marketplace insurance, you will just need to allocate the policy premiums. If you believed you were going to claim her when the policy year started, then Situation 4 would apply to you. This allows those who believed that someone would be part of their tax family to agree to the allocation amount instead of allocating it based on the number of people on the policy. In this situation you can allocate anywhere from 0%-100% on your return and your children can do the same as long as the numbers add up to 100%.
For 2025, since you no you will no longer be claiming them as dependents, you can remove them from your policy and have them get their own policy through the Marketplace.
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