1095-A Allocation - part year allocation for son earned income and who left plan part way thru year

Forum|Forum|4 months ago
March 12, 2026
1 reply
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We are a family of 4 with 2 kids - one aged 21 in college with no income (so a dependent) and another elder son aged 22 in 2025 who at the start of the tax year was unemployed. We enrolled the family as a family of 4 for the initial part of the year. Happily older son got a job that offered insurance in August so we dropped him from our marketplace plan and the monthly premium decreased and the advanced tax credit decreased as would be expected. I received a 1095-A, my son did not (although he received a 1095C for the months he was on his company insurance)

So now trying to file taxes. Elder son ended up making $40k so will be filing his own tax return and will not be our tax dependent (I assume that's correct?). So my understanding is we need to allocate the information on the 1095-A between us and my son on form 8962. Wanted to confirm my understanding on how to do that:

1) Enter the 1095-A information into Turbotax (I'm using Online premium) exactly as on the 1095-A I received. Do this on both our and my sons tax return?

2) On our return state the policy was shared and put in my sons SS# and the dates we shared it (Jan - Aug). Pick a sharing percentage (the same for all three amounts) , lets say as an example 75%. When asked 'Do you have at least one dependent on your taxes who is filing a separate return?" answer Yes, and when asked 'What is your child's modified adjusted gross income?' input his income (~$40k). Based on this Turbotax does the math and calculates the excess/under credit

3) Do exactly the same on my sons tax return except using 25%? and he answer no when asked 'Do you have at least one dependent on your taxes who is filing a separate return" ?

4) Regarding the sharing percentages. I can't find any hard and fast rules on how to calculate this. SOme suggest any combination is OK as long as they total to 100% Seems like 75/25 would be logical in this situation but is that right/OK? Assuming what I've discussed above is correct, I played around with some what-if scenarios with different percentages and for example with a us/son split of 0/100 out total combined refund between is a crazy high number which seems implausible. 50/50 or 75/25 (which seem more reasonable) seem to yield the best overall numbers which seem plausible. So is there guidance on what % are reasonable and acceptable.

Sorry for the long post! Done a lot of research and trying to nail this down and keep 2nd guessing myself on whether I'm doing this right 🙂

TurboTax Premier Online

V

Vanessa A

Level 15

1) Enter the 1095-A information into Turbotax (I'm using Online premium) exactly as on the 1095-A I received. Do this on both our and my sons tax return? Yes. You will enter it exactly as received on BOTH your return and your sons return.

2) On our return state the policy was shared and put in my sons SS# and the dates we shared it (Jan - Aug). Pick a sharing percentage (the same for all three amounts) , lets say as an example 75%. When asked 'Do you have at least one dependent on your taxes who is filing a separate return?" answer Yes, CORRECT

and when asked 'What is your child's modified adjusted gross income?' input his income (~$40k). Based on this Turbotax does the math and calculates the excess/under credit NO. Do not enter your non dependent sons income. You ONLY enter the income of those who are in your tax family or could be. Since he cannot be, you do not enter his income.

3) Do exactly the same on my sons tax return except using 25%? and he answer no when asked 'Do you have at least one dependent on your taxes who is filing a separate return" ? Correct.

4) Regarding the sharing percentages. I can't find any hard and fast rules on how to calculate this. SOme suggest any combination is OK as long as they total to 100% Seems like 75/25 would be logical in this situation but is that right/OK? Assuming what I've discussed above is correct, I played around with some what-if scenarios with different percentages and for example with a us/son split of 0/100 out total combined refund between is a crazy high number which seems implausible. 50/50 or 75/25 (which seem more reasonable) seem to yield the best overall numbers which seem plausible. So is there guidance on what % are reasonable and acceptable. Whatever amount you agree on is acceptable as long as it adds up to 100%. So it can be 75/25 or 100/0. It is entirely up to what you and your son agree on. A lot of times since the credit was based on the parents income, the parent will claim 100% and the child will claim 0%.

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