I have a 1095-A that has my daughter on with me but her father wants to claim her how do I split it so he shows her part on his taxes and my part on mine or do I have to put the entire 1095-A on mine?
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Both you and your daughter's father will need to report the information on each of your tax returns. You will report your information and your daughter's father will report her information.
You can then come to an agreement with each other on how you will allocate any premium tax credit you two may qualify for. You can take 100%, he can take 100%, or you can come up with some kind of split. It can just be more than 100% when added together.
What about part c or do I have to put in all of the amounts or split them 50/50 or 70/30 however I’ve never done this before or will it ask me the percent and it will split itself
Actually when adding the monthly premiums for A B C in the system, do I put the full amount for her or do I just split them in half and put that amount in there? Do you have for her and half for me? how do I do the percentage? It doesn’t ask me that
Yes, you will put the full amount in as is shown on the 1095-A. If your column A, B and C has $600 and it includes the premiums for both of you, then you will put $600 for all 3 columns. You will not prorate any of the numbers on the form. Enter the form exactly as it appears on paper.
After you are done with the entries, you will select I shared this policy with another taxpayer. On the next screen you will be asked for your daughters social security number and what percentage of each column do you want to claim. You can choose 100% to 0% as long as the total that you and her father claim add up to 100%.
If he earns more than you and you split it 50/50 it is possible that he would have to pay back some of the Advanced Premium Tax Credit if you received any if it was based on your income instead of his. If you claim 100% of it, then you would be 100% responsible for repaying any premiums that were in excess of what you were entitled to or if you did not receive enough of a credit (meaning you had to pay some premiums out of pocket based on what you told the Marketplace, but your income ended up being less than you estimated) then you would get the credit when you file your return.
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