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The Shared Policy Premium Percent.is the percentage of the premium that is allocated to each individual when you are filing Form 8962, because you received a Form 1095-A, and the same insurance policy is covering individuals that are reported on different tax returns.
The Shared Policy Premium Percent.is the percentage of the premium that is allocated to each individual when you are filing Form 8962, because you received a Form 1095-A, and the same insurance policy is covering individuals that are reported on different tax returns.
Sir,
When you are working on the SHared allocation worksheet on form 1095- A it asks:
for the social security number of the person sharing the health insurance. That is easy.
Then it ask for the the start month and stop month that the person sharing the insurance. That is easy.
Then it asks "premium percentage" { what is that?}
then SCSLP (second lowest cost silver plan premium) percentage. {what is that? how is it calculated}
then Advanced payment of the PTC percentage. {what is that and how is it calculated}
This is referring to the allocation percentage (generally) agreed to by you and the other taxpayer for the reporting of policy amounts in Part IV of Form 8962.
How you do this depends on your situation -- the IRS describes four different allocation situations in Part IV—Allocation of Policy Amounts in its Instructions for Form 8962:
Please read the instructions carefully to see what needs to be done.
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