1095-A with a young child listed on it but is claimed as dependent by the other co-parent (not married)

[echo18161]

I need some guidance on filling out the section for the 1095-A when two people co-parent a child and the child is claimed as dependent on one parent's tax return, but the child is listed on the 1095-A of the other.  As I understand it, the tax family for purposes of form 8962 is 2, but I can't seem to figure out how to change it. 

If any one can help me understand what I need to do that would much appreciated.  Thanks in advance.

[Carl]

Assuming there are three people listed on the 1095-A, (you, the other parent and the child) your allocation as 33% each (with one obviously getting 34% so things total to 100%)

So if the other parent paid for the child's portion, you'd only claim 33% for yourself, leaving the remaining 67% for the child and other parent.

If you paid the child's portion, then you'd claim 66% if you were the custodial parent as defined by the IRS, weather you actually claim the child or not.

[Critter-3]

Ok ... if the child is being claimed on the other parent's return  then both parents will enter the 1095-A on their individual returns ... if you and the child are on the 1095-A but you are not claiming the child then you will only enter your info from the 1095-A  and the parent claiming the child will report only the child info on the1095-A on their return.   

NOW ... since you have a 1095-A in common then you get to ALLOCATE the premium tax credit in any way you both can agree on ... this is one of those quirks in the tax system you can take advantage of as long as the % between the 2 returns totals up to 100%.   So you can divide it 100/0 ,  50/50,  70/30  or any other combination you can both agree on ... so take some time to review how these percentages affects both returns and make the best decision for all involved again if you can agree to it. 

[echo18161]

Only two people are listed on the 1095-A one is the parent (not claiming the child as a dependent) and the other is the child.

The other parent has their own insurance through their work.

[Critter-3]

Ok ... if the child is being claimed on the other parent's return  then both parents will enter the 1095-A on their individual returns ... if you and the child are on the 1095-A but you are not claiming the child then you will only enter your info from the 1095-A  and the parent claiming the child will report only the child info on the1095-A on their return.   

NOW ... since you have a 1095-A in common then you get to ALLOCATE the premium tax credit in any way you both can agree on ... this is one of those quirks in the tax system you can take advantage of as long as the % between the 2 returns totals up to 100%.   So you can divide it 100/0 ,  50/50,  70/30  or any other combination you can both agree on ... so take some time to review how these percentages affects both returns and make the best decision for all involved again if you can agree to it. 

[echo18161]

They have agreed to give 100% to the parent who is not claiming the child.  With that said, the other parent who is taking 0% has already filed their return.  Do they need to amend their return even though it is 0% they are claiming for the Premium Tax Credit?

[Critter-3]

Do they need to amend their return even though it is 0% they are claiming for the Premium Tax Credit?

The IRS should have rejected the return for a lack of a form 8962 due to not entering in the 1095-A in the program.  If the IRS did not reject the return when it was filed  then you can wait and see if they will request that form later.  

[echo18161]

Thanks and sounds good.  They wouldn't have even been aware of it since their name wasn't on it the 1095-A coupled with not understanding the PTC in general.