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consulting19
Level 2

marketplace insurance. How do I account for a dependent who obtains their own policy mid-year?

I have a client who is on marketplace insurance (parent and dependent is on marketplace insurance) and they claim the dependent because the dependent is in college but graduates later this year.  The dependent wants to obtain their own marketplace insurance policy but will still need to be claimed on parent's tax return due to set-up for the first half of the year.  Is this possible and how does turbo tax handle this?

2 Replies
xmasbaby0
Level 15

marketplace insurance. How do I account for a dependent who obtains their own policy mid-year?

"I have a client......   "

 

If you are a paid tax preparer you cannot use TurboTax--it violates the terms of service.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
consulting19
Level 2

marketplace insurance. How do I account for a dependent who obtains their own policy mid-year?

You're right.  I was trying to hide my own mess.  This is my situation.

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