1095-A Information entry into Turbo Tax Desktop

[Rick-74]

My 1095-A  form I received only has information in column A. Both column B and C show Zeros.  I looked up the Second lowest cost prem. information and entered it in column B.  What do I need to enter in column C.  Do I need to calculate the amount or leave column C zero.  My Column A amount is larger than Column B amount.  If I leave Column C amount at Zero or if I use the calculated difference between Col. A and B Turbo Tax generated a very large increase in my refund of aprox. $5000.00.  Yet when I get to the screen showing my Premium Credit it only shows my credit to only be $900.  My total annual income is from an IRA and was $15,000 for 2023. Can this be correct. 

[Vanessa A]

Yes, that could be correct.  If your total income was $15,000, then you would be just above 100% of poverty level which means you would be eligible for Premium Tax Credits.  

If you did not receive any Advanced Premium Tax Credits, then you will leave Column C blank.  Do not enter 0 as this will trigger an error on your return.  If you did receive the Advance Premium Tax Credit, then you will need to contact the marketplace to get a corrected 1095-A showing what you did receive.  If you received it, you would not have paid the amount in Column A every month, you would have paid less. 

Also, if you can be claimed as a dependent, this would change your ability to claim the credit.  So, if you are a dependent, be sure you go back to the personal info section and put a check mark in the box that says you can be claimed by someone else on a return.