turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Dannie101
New Member

Allocating APTC for shared health policies across 2 tax families

I shared an Obamacare health insurance policy with my daughter and son. My daughter is filing her own return and is at 141% poverty level. I'm filing MFJ with our son as dependent. My spouse has medicare coverage. Due to some stock sales, we are over 400% poverty level. I received 1095-A and did get APTC. TT allows me to allocate 100% of the 1095-A amounts to my daughter. Is that ok?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Allocating APTC for shared health policies across 2 tax families

The IRS allows you to allocate the amount in any way you choose to do so as long as 100% of the APTC is reported on someone's return ... what you want to do is a smart way to handle a sticky situation. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question