topic Re: 1095-A Entry in Get your taxes done using TurboTax

1095-A Entry

6ixgun — Fri, 24 Jan 2020 03:17:37 GMT

Why is this entry so difficult to find ? Seriously - the directions / articles are WORTHLESS . I've already spent more time trying to enter this info than I have to prepare my entire year's taxes.

The instructions suggest I need to click on search, enter 1095a and then hit the "Jump To" button - which I have never seen - its not there - never has been. SO I GET NOWHERE. Frustrating. Seriously - why isn't the **bleep** thing on the menu like everything else. I cannot even find it in the forms section. Drives me crazy.

Re: 1095-A Entry

MinhT1 — Fri, 24 Jan 2020 03:32:39 GMT

Please try this alternative method.

In TurboTax, you can enter your form 1095-A by following these steps:

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
Scroll down to All Tax breaks, locate the section Medical and click on Show more
Click Start next to Affordable Care Act (Form 1095-A).

Re: 1095-A Entry

6ixgun — Fri, 24 Jan 2020 03:58:24 GMT

Thanks - after about 10 more minutes of digging, I found it. I am using the Mac Business version so my menus do not match any of yours and that has been the biggest problem. Seems all the built-in help responses only apply to the online version which makes them worthless to me. I **REALLY** don't know why its not documented in the help section and why all the tips that show up only pertain to the online version. It makes using the dowloaded version very frustrating. Since I was not using anything in the deductions section - I glossed over it and missed the item - it was there , it just was not intuitive where it was located.

In my copy of the software I had to go into Personal Tab > Deductions and Credits > Choose What I Work On> Medical > and finally, the very last entry in medical ACA / 1095-A . One hour of lost time I'll never get back... ugh.

Best regards & thanks again.

Re: 1095-A Entry

barrykooda — Fri, 31 Jan 2020 18:38:56 GMT

Thank you!

Re: 1095-A Entry

tmryan42 — Fri, 21 Feb 2020 00:44:18 GMT

FOUND IT!!!!!

THANK YOU!!!

Re: 1095-A Entry

JamesG1 — Fri, 21 Feb 2020 00:51:45 GMT

To the left of the screen, click on Federal.

Click on Deductions & credits.

Under Your tax breaks, scroll down to Medical.

Click Start or Revisit to the right of Affordable Care Act.

Re: 1095-A Entry

GetSmartAgent99 — Sat, 07 Mar 2020 17:07:01 GMT

OK, got it figured out, so never mind. SORRY

Re: 1095-A Entry

HelenC12 — Sat, 07 Mar 2020 17:12:35 GMT

@6ixgun To get to and enter your 1095-A form:

Type health insurance in the search box and click on the Jump to link.
You should land on the Did you receive Form 1095-A for your health insurance Plan? screen.

Re: 1095-A Entry

snyder/cura — Wed, 11 Mar 2020 18:08:41 GMT

Should be 0 on both of us.

Re: 1095-A Entry

VictoriaD75 — Fri, 13 Mar 2020 00:50:28 GMT

What should be 0 for both of you? Did you have a 1095-A to report?

If you purchased insurance through the marketplace and received a 1095-A, that must still be reported on your return.This will calculate the Net Premium Tax Credit on Form 8962. This form reconciles the amount of the credit available to you with the amount already received as an Advance Premium Tax Credit. The result could be additional credit owed to you, or you may have to repay any amount already received in advance. Because of either of these results, it is important for taxpayers to include the information from Form 1095-A on their return.

Follow these steps:

Click on Deductions & Credits under Federal
Under the menu for Medical, click Start/Revisit next to Affordable Care Act (Form 1095-A)
Answer Yes indicating that you have the form to enter
Complete the information on the next screen to match your form and click continue

Re: 1095-A Entry

mostroff36 — Sun, 05 Apr 2020 18:00:24 GMT

I am doing the fathers tax return There are 3 people on the 1095-A form. The father and his 2 daughters

the coverage start date and end date for all 3 people is 1-1-2019 to 12-31-19.

The father does not claim either of his daughters on his tax return. The one daughter filed her own taxes she is 22 years old and is working. The other daughter is 19 years old and was claimed on her mothers tax return.

I entered in the shared policy allocation information the 22 year old daugher's social security number. when I do the smart check it gives me 6 errors all dealing with this. Can someone help me enter the correct Premium percantage, SLCSP% and the advanced payment of the PTC %

Re: 1095-A Entry

DeanM15 — Sun, 05 Apr 2020 18:31:48 GMT

The correct allocation adds up to 100 percent for all three people on the 1095A.

There really is no correct allocation, it can be what is agreeable to all parties on the 1095A. If your father is paying for health insurance, he may want the full benefit of the calculation. So he would take 100 percent and the daughters would take 0 percent. Or he could split it 34/33/33 or 50/25/25.

The Premium Percentage, SLCSP, and the advanced payment should all be the same (unless you have figured a way to make it benefit you). So if your father is taking 100 percent, fill out all three with 100. If he is taking 34 percent, then put 34 in each of the boxes. Make sure the daughters know what the father is claiming and that they have a copy of the 1095A. They will need to claim it on their own returns. The Marketplace does not always mail the copies to everyone.

Re: 1095-A Entry

madred — Fri, 17 Apr 2020 00:38:24 GMT

This was the best and eeasiest to comprehend answer for my downloaded version of Turbo Tax Thanks!

Re: 1095-A Entry

dsachnoff — Thu, 09 Jul 2020 17:22:04 GMT

I do not have a 1095-A or perhaps misplaced it. I have Medicare and not sure what to put in this area. I also have Tri Care for Life (Military) and I got a 1095-B.

Don

Re: 1095-A Entry

lido — Sun, 12 Jul 2020 18:16:23 GMT

I have the same issue. So Frustrating. They need to fix this.

Re: 1095-A Entry

BillM223 — Sun, 12 Jul 2020 18:21:10 GMT

There were a number of issues listed above. Which one do you find to be frustrating?

Re: 1095-A Entry

lido — Sun, 12 Jul 2020 19:38:04 GMT

I finally found a way on my own. I had previously entered some 1095-A data but Turbo Tax would not let me open up the 1095 interview to make a correction. None of the directions above worked for me. There was no "jump to" option in the search results and there was no "federal" button in the upper left. After much frustration and many attempts, I clicked on "Tools" in the upper left and then "My Tax Data." I then scrolled down to the 1095-A form and clicked on "jump to interview." I could then make any corrections necessary. I don't know if this would work for the initial entry.

Re: 1095-A Entry

VictoriaD75 — Tue, 14 Jul 2020 14:34:02 GMT

Medicare or Tri-Care does not need to be reported. Only the 1095-A needs to be entered on your return from insurance purchased through the marketplace. If you received a different 1095 form, such as one from employer benefits, you do not need to enter anything on your return. It is for your records only.

Follow these steps:

Click on Deductions & Credits under Federal
Under the menu for Medical, click Start/Revisit next to Affordable Care Act (Form 1095-A)
Answer Yes indicating that you have the form to enter
Complete the information on the next screen to match your form and click continue

Re: 1095-A Entry

Denise77 — Thu, 18 Feb 2021 23:31:03 GMT

I read that you should leave the one box empty?... see attachment of that page on the turbotax filing page... Is this correct? (the other 50% will be on a separate tax return of shared health insurance)

Re: 1095-A Entry

Denise77 — Fri, 19 Feb 2021 16:59:13 GMT

Hello does anyone have an answer to this?