I'm on my parents' 1095-A form. What do I do on my return?

by TurboTax•650• Updated 3 months ago

Important: If you'll get a 1095-A, wait until you've received it to file your tax return. Filing without it will result in a rejection from the IRS. You should receive a Form 1095-A by mid-February if you purchased health insurance through the government.

If you're listed as a dependent on your parents’ tax return, you won't have any health insurance questions to answer on your own return. TurboTax will tell you Since someone is claiming you on their 2024 taxes, you don't have to complete Health Insurance.

You may receive more than one 1095-A if you switch marketplace plans during the year, for example, leaving your parents' plan and starting your own plan. You can and should add all your 1095-A forms in TurboTax.

If you're on your parents' Form 1095-A, but aren't filing as their dependent, select your situation for instructions.

I'm on parents' health plan, but not on their tax return, and I got my own 1095-A

At enrollment, your parents told the Marketplace that you aren't on their return. That’s why you received your own form to enter its info on your return.

When TurboTax asks you if you are sharing your health plan, don’t check the box.

I'm on my parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are amounts in column C on my parents' form

In this case, TurboTax will ask you to enter a 1095-A. You'll enter the info from your parents' form. The next screen will ask you about your health plan being shared, so check the box.

Then you'll see a screen asking for shared policy info. You enter the following:

Enter the Social Security number in box 5 (recipient's SSN) on your parents' 1095-A.
Enter the starting month and ending month that you had the insurance.

Now you'll be asked to enter percentages for Your Premium, Second lowest cost Silver plan (SLCSP), and advanced payment.

You should see amounts on your parents’ 1095-A, columns A, B, and C. You and your parents should agree on what percentage of those amounts you’ll claim on your return, and what percentage they’ll claim on theirs. You can use anything from 0% to 100%, as long it all adds up to 100%.

Example: Darcy is working and isn't on their parents' tax return. They're on their Marketplace health plan and listed on their 1095-A. Darcy didn't receive a 1095-A in their name.

Darcy's parents have to figure out how much of column A (monthly enrollment premiums), column B (monthly SLCSP), and column C (advanced payments) on the 1095-A will go on their return and how much will go on Darcy's return. It was decided that Darcy will enter 10% of those amounts on their return, and Darcy's parents will enter 90% on their return. They could have decided to have 100% on the parents' return and 0% on Darcy's return.

I'm on parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are no amounts in column C of my parents' form

Since you're on your parents' form and it has no amounts in column C, but it does have amounts in column B, follow these guidelines.

TurboTax will ask you to enter a 1095-A. You'll enter the info from your parents' form. The next screen will ask you about your health plan being shared, so check the box.

Then you'll see a screen asking for shared policy info. You enter the following:

Enter the Social Security number in box 5 (recipient's SSN) on your parents' 1095-A.
Enter the starting month and ending month that you had the insurance.

Now you'll be asked to enter percentages. Your parents' 1095-A includes amounts in column B (SLCSP). You need to figure out your share of the total of your parents' column B.

Go to a tax tool on HealthCare.gov and select Figure out your tax credit. Just enter the tax year and your state, information about your household (just you), your birthdate, ZIP code, and number of months that you were covered by your parents' insurance. You'll see your SLCSP. Then divide your SLCSP by the total of your SLCSP on your parents' form. That's the percentage you'll enter in TurboTax.

Example: Riley is enrolled in their parents' Marketplace plan. They didn't receive any advance payment, so column C of their form is blank or zero. For TurboTax, Riley needs to figure out how much is their share of the total SLCSP.

Riley goes to HealthCare.gov and enters their tax year and state, birthdate, ZIP code, and the 12 months that they were enrolled. The result is $6,000, which Riley figures by multiplying the monthly SLCSP given by the tool by 12 for the months enrolled. The total of column B amounts on Riley's parents' 1095-A is $18,000. Riley takes their $6,000 and divides it by the $18,000. It equals Riley's percentage. Riley enters that amount for Your Premium Percentage and Your SLCSP percentage in TurboTax.

I'm on parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are no amounts in column B or C of my parents' form

If you're on your parents' 1095-A and it has no amounts in column B and C, follow these guidelines.

TurboTax will ask you to enter a 1095-A. You'll enter the info from your parents' 1095-A.

TurboTax needs the amounts in column B to figure out if you and your parents are eligible for a Premium Tax Credit.

Your parents need to use the tax tool on HealthCare.gov to determine the monthly SLCSP amounts for everyone listed on their 1095-A. You’ll enter those monthly amounts in column B of the 1095-A that you are filling out.

The next TurboTax screen will ask if you shared your health plan, so check the box.

Then you'll see a screen asking for shared policy info. You’ll enter the following:

Enter the Social Security number in box 5 (recipient's SSN) on your parents' 1095-A.
Enter the starting month and ending month that you had the insurance.

Now you'll be asked to enter percentages. You need to figure out your share of the SLCSP amounts that you entered on the prior screen.

Go to a tax tool on HealthCare.gov and select Figure out your tax credit. Enter your birthdate, ZIP code, and number of months that you were covered by your parents' insurance. You will see your SLCSP.

Divide your SLCSP by the total of column B (SLCSP) on your parents' 1095-A. That's the percentage you'll enter in the Premium Percentage and Your SLCSP percentage fields.

Example: Joey's enrolled in their parents' Marketplace plan. They didn't receive any advance payments, so column C on their 1095-A is blank or zero. Also, there are no amounts in column B (SLCSP). TurboTax needs Joey's parents to figure out the total SLCSP for the family by going to HealthCare.gov. It’s $18,000. Joey will enter the monthly amounts on their 1095-A screen.

Now Joey needs to go to HealthCare.gov to get their SLCSP. Joey enters their birthdate, ZIP code, and the number of months they were enrolled in their parents’ plan. The result is $6,000. Joey takes their $6,000 and divides it by the $18,000. It equals 33%—Joey's percentage. They enter that amount for Your Premium Percentage and Your SLCSP Percentage.

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