@NCperson wrote: but if he is a dependent or can be a dependent, they the WHOLE THING would require repayment. And if someone CAN claim him but doesn't, then he is part of their househol...
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@NCperson wrote: but if he is a dependent or can be a dependent, they the WHOLE THING would require repayment. And if someone CAN claim him but doesn't, then he is part of their household in any event and it all needs to be repaid - that is my understanding. You can't avoid the PTC repayment just by not claiming the dependent. Where do you see that the repayment limitation would not apply? When signing up for insurance, if the kid had attested he would NOT be a dependent (and had reason to believe that would be true), it goes on the kids return if he is not actually claimed. See Regulation §1.36B-4(a)(1)(C). (C) Responsibility for advance credit payments for an individual not reported on any taxpayer's return. If advance credit payments are made for coverage of an individual who is not included in any taxpayer's family, as defined in §1.36B-1(d), the taxpayer who attested to the Exchange to the intention to include such individual in the taxpayer's family as part of the advance credit payment eligibility determination for coverage of the individual must reconcile the advance credit payments. https://www.law.cornell.edu/cfr/text/26/1.36B-4