☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Feb 4, 2024 6:10:41 AM

1095-A allocation

I am single filer. I can no longer claim my two adult children who live with be as dependents. They are on my 1095-A form with me. If I split allocation evenly among us 3. How do I enter the info on each of our 1040.’s ?  Thanks. 

0 1 338
1 Replies
Employee Tax Expert
Feb 4, 2024 8:56:15 PM

If you are going to split the allocations evenly between each of you, the percentages that each of you enter for your premium, your SLCSP, and your advance payment should add up to 100% together.

 

Both you and your two children need to enter a copy of the Form 1095-A that you received on each of the tax returns. TurboTax will ask you questions about if the policy was shared with someone and how to allocate the costs and credit. Follow the instructions below.

  1. Login to TurboTax 
  2. Select Federal  on the left menu and Deductions & Credits
  3. Scroll down to Medical and select Show More
  4. Select Start/Revisit next to Affordable Care Act (Form 1095-A)
  5. Answer yes, I received Form 1095-A
  6. Enter  the information and select Continue
  7. Select I shared this policy with another taxpayer who’s not on my taxes and Continue
  8. On the next screen you will enter the SSN's for your children and the start and end months that you shared the policy with your children
  9. You will also choose the percentages of the amounts you want to claim on your tax return. All percentages should add up to 100%
  10. TurboTax will calculate the information that should be on your return based on your answers.