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licharv
New Member

1- My dependent parent lives in Mexico, so she does not have health care, how can i process in the turbo tax (home and business) so we would not be penalized for it?

My parent lives in Mexico all the time.

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1 Best answer

Accepted Solutions

1- My dependent parent lives in Mexico, so she does not have health care, how can i process in the turbo tax (home and business) so we would not be penalized for it?

In TurboTax Home and Business to apply the Resident of a foreign country or US Territory penalty exemption do the following:

  • Click Personal
  • Click Federal
  • Click Health Insurance
  • Select I'll pick and choose which months
  • Click Continue
  • Select the Months you had insurance and click continue
  • Select Resident of a foreign country or US territory
  • Click Continue
  • You will get a message saying your penalty has been waived for those months you were not a resident
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply

1- My dependent parent lives in Mexico, so she does not have health care, how can i process in the turbo tax (home and business) so we would not be penalized for it?

In TurboTax Home and Business to apply the Resident of a foreign country or US Territory penalty exemption do the following:

  • Click Personal
  • Click Federal
  • Click Health Insurance
  • Select I'll pick and choose which months
  • Click Continue
  • Select the Months you had insurance and click continue
  • Select Resident of a foreign country or US territory
  • Click Continue
  • You will get a message saying your penalty has been waived for those months you were not a resident
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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