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Level 1
June 1, 2019
Solved

For health I have a 1095-A form which I entered in federal but I couldn't enter my 1099-HC, is it needed?

  • June 1, 2019
  • 1 reply
  • 11 views
is there a penalty on federal taxes for having insurance 9 months of the year?
Best answer by Zbucklyo

You will need the information from the 1099-HC when you file your Massachusetts state tax return.  There may be a penalty for only having insurance for nine months out of the year (if you have insurance for only one day during a month, it counts as having insurance the entire month), but you need to fill out the section in Turbotax to determine whether you owe a penalty of not.

1 reply

ZbucklyoAnswer
Level 8
June 1, 2019

You will need the information from the 1099-HC when you file your Massachusetts state tax return.  There may be a penalty for only having insurance for nine months out of the year (if you have insurance for only one day during a month, it counts as having insurance the entire month), but you need to fill out the section in Turbotax to determine whether you owe a penalty of not.