PTC

rla20cpa — Wed, 11 Feb 2026 09:39:20 GMT

I have a situation where parents do not claim their son but do pay his health insurance. Parents return has already been filed without taking into consideration son's income. Naturally their son's e-file was rejected due to Form 8962 not being included and, accordingly, PTC not allocated. Looking for an easy way out ... maybe without allocating anything to the son. Thoughts? Mechanics for allocating zero to son? Thank you in advance.

Re: PTC

Critter-3 — Sun, 19 May 2024 00:03:48 GMT

How old is the child and did the parents claim them as a dependent? Did the parents take 100% of the PTC on their return? Or did the parent's have to pay back any of the advance PCT?

Re: PTC

Critter-3 — Sun, 19 May 2024 00:16:09 GMT

How you enter the information depends on if your parents are claiming you as a dependent on their tax return.

Please see the information below from Superuser TaxGuyBill:

If your parents told the Healthcare Marketplace (usually when they applied for health insurance) that you were not going to be their dependent, you will probably receive a 1095-A of your own, and you will need to enter that into TurboTax. (instructions included further down below)

If your parents did NOT tell the Healthcare Marketplace (usually when they applied for health insurance) that you were not going to be their dependent, you will NOT receive a 1095-A of your own.

- You will need to get a copy of your parents' 1095-A and enter it on your tax return. On the screen after entering the 1095-A, you will check the box indicating that the policy was shared by somebody that is not on your tax return. It will then prompt you with further questions to determine how much of it is "allocated" to you (even if it is 0%). Your parents would follow this same procedure.

- If there was Advance credit received (column C of the 1095-A), your parents have the option to claim 100% of the 1095-A on their tax return, or to "allocate" part (or all) of it to you. If you both agree, the allocation can be anywhere from 0% to 100%. If you can not agree and Advance credit was received (column C on the 1095-A), then it is divided by the number of people on the insurance policy. For example, if the insurance policy covers 4 people, each person is allocated 25%.

To enter Form 1095-A, please see the instructions below:

Select Federal Taxes then select Health Insurance on the Tax Timeline
Answer the first question and click Continue
On the second screen "Were you enrolled in any of these less common plans in 2016?" select "Yes"
Select "Obamacare plan (1095-A)" on the next screen
Select "Yes" to the next screen "Do you have a 1095-A form to enter for your Obamacare Plan?"
Enter the data Form 1095-A on the next screen

topic PTC in Deductions & credits

PTC

Re: PTC

Re: PTC