Is it acceptable to make my non dep 22yo with a substantially lower income 100% responsible for the shared marketplace policy that he is listed on with my husband and I?

Forum|Forum|7 years ago
June 6, 2019
1 reply
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Best answer by MinhT1

Yes, it is acceptable to allocate 100% of the policy to your lower income dependent. In fact, this is the most tax efficient allocation if you all agree.

MinhT1Answer

Level 15

Yes, it is acceptable to allocate 100% of the policy to your lower income dependent. In fact, this is the most tax efficient allocation if you all agree.

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jncbear99Author

Level 2

I was just concerned as it makes a significant difference in tax responsibility for both of us to our advantage of course. Do you know if this flags for review since I was the one who applied, not my son. Is this just something that is available due to loose wording in the tax law?