form 8962

[Dave thole]

Hello How do i fill out form 8962  , when my 1095-A  has two other tax fillers i can no longer claim as my dependents  

[ColeenD3]

 As long as you include one other person and all the percentages equal to 100% you don't need to list everyone. Whoever is on the plan needs to come up with an idea of how they are going to divide the amounts before making any entries. The parent should reference one child and both children should reference the parent on their 1095-A entries.

[Dave thole]

ok  so how do i figure the percentages   

there are 4 of us on the 1095-A   do i take 50% on my return, and 50% on one of my sons return ? 

What about my other son what does he put on his ?  does he leave the percentages blank?   

using turbo tax only lets you share with one other tax filer  

thank you  

[MaryM428]

TurboTax does only let you put in one social security number for a person who is on your your marketplace plan, but not on your tax return.  

You can divide the percentages any way that all of you agree on.  If you take 50% and one son takes 50%, then the remining two people would use 0% on their returns.  The only stipulation that the IRS has is that all parties agree to the way the percentage is divided and that the amounts taken add up to 100%.

You will use the social security number of one of your son's on your return.  The son's will use your social security number as the person that they share the 1095-A with.  They will each use the agreed upon percentage on their returns.

[Dave thole]

so i can allocate  however it works out best for the household? 

it seams when i increase the percentage on my sons return, he gets a bigger refund.

and when i put a smaller percentage on mine i owe less 

[Critter-3]

YES ...ALL of you need to be cooperating with each other BEFORE any of you  file and use the best ratio allocation for all parties combined which means it may not be good for everyone but in the whole big picture you have an overall win.  

[Dave thole]

ok so just to confirm  

my Wife and i file jointly  if we claim 50%  we owe 4000.00  if we claim 10% we get 260.00 refund 

if my son takes 50% he gets 900.00 refund if he takes 90% he gets 1200.00 refund  

seems like something isn't right with this , but if its legal?  then that works for me  

[Dave thole]

ok so just to confirm  

my Wife and i file jointly  if we claim 50%  we owe 4000.00  if we claim 10% we get 260.00 refund 

if my son takes 50% he gets 900.00 refund if he takes 90% he gets 1200.00 refund  

seems like something isn't right with this , but if its legal?  then that works for me 

maybe i will try this again and see if i get a response  

[ColeenD3]

Yes, this is fine. Work it out in the way that is best for everybody.