1095 A - adult child got employer coverage in 4th quarter after being on parent marketplace plan for the 1st 3 quarters

[Mmaes]

After entering all of my 1095 A information in my TurboTax home and Business 2024 Edition, I am having trouble figuring out how I allocate the percentage as turbo tax asks. My adult daughter was on my Marketplace health insurance plan January through September. She got full time employment that provided her with her own health insurance starting October 1st through the end of the year. I contacted the marketplace and had her removed from my plan starting October 1st. She has received her own 1095 from her employer for those last 3 months of the year. And my 1095-a reflect the lower premium I paid for those last 3 months of the year without her on my plan. TurboTax ask me to allocate a percentage that I am claiming on my tax return. I am thinking that I should say 100% on my tax return and zero on hers, because she has her own 1095. I am not planning to claim her as a dependent on my tax return for the year. Therefore I did not enter her social security number in my TurboTax. TurboTax gives me an error message

[Vanessa A]

Even though you are not claiming her as a dependent, you will still need to enter her social security number in the area after you enter the 1095-A and mark that you shared the policy with another taxpayer even if you are claiming 100% and she is claiming 0%.

 She will also need to enter your 1095-A and mark that the policy is a shared policy and include your social security number on the form.

You claiming 100% is perfectly acceptable. You can claim any amount that you agree on, as long as the amounts equal 100%. 

[Mmaes]

Turbo tax home and Business 2024

I understand your answer. I am going to

claim 100% of the premium percentage

and Advance payment of the PTC

percentage for my tax return and zero on

my daughter's.Do I need to enter something in the SLCSP box?

I keep getting an error message when I put

zero in the boxes that have her social 

security number in it. Is there a certain

format the zero number has to be in ? Like

0.0? -0? or 000? And if 1 put 100 % in the

boxes I don't get the error message but it

takes away most of my Federal refund

Which makes me think 1 am getting the 0%

and she is getting the 100% of the of the

allocation.

It is also asking me to link it with my federal

schedule C? ls that something I should be

doing? Cuz I did try that route, but I don't

have any W2 income as I am a 1099

contract employee only. And then I get a

error message saying that linking 1095a to

a business is not supported.

[Vanessa A]

Yes.  You will need to enter something in the SLSCP.  You would need to use this tool to find your SLCSP if it is not on your form. 

If you link it to your Schedule C, any amount that was paid out of pocket will be given to you as a  self-employed health insurance deduction if you qualify.

Do you get to the screen asking which business it is associated with?  Be sure to select the business and the months of operation.  At which screen are you getting this error?

[Mmaes]

I am doing just that, as in your screenshot above. I click on my schedule C Business that appears up in that box in order to highlight it, and then enter the first month of operation in the last month of operation in 2024. That goes in just fine. Then to continue on to the next screen first question ask for the social security number of the other taxpayer, which is my adult daughter. I enter the months that she shared my plan which is January through September. Then the next question asks "what percentage of the following policy amounts do you want to claim on your tax return". I am reading that as it is asking me about what percentage I want to claim, not my daughter and what percentage she need

s to claim. I believe that's right. So I put 100% into three boxes that read "your premium percentage", "your slcsp percentage", "your Advanced payment of PTC percentage". Then when I click continue it comes back to the 1095-a screen with a confirmation that the 1095-a information has been entered into TurboTax. At that point, everything looks good. However, when I get to the review of the federal return it says there are six areas on my federal return that will need reviewed. Those six areas are on the 1095-a form in the Box that says "shared policy allocation information smart worksheet". It  shows my daughter's social security number in the first box as the taxpayer sharing my allocation, and then the start month January and stop month September (which is correct), however the premium percentage and slcsp percentage and the advanced payment of PTC percentage all read 100 where it should say zero zero and zero. It seems to have taken the amount that I allocated in the 1095-a step by step associated with my social security number (100% allocation), and it seems to have applied it to her social security number where hers should be zero,zero,zero. Those six boxes with her information are where I get that "business related premium smart worksheet below are not supported" error message.

When I scroll down to the business related premiums information worksheet, nothing is linked to my schedule C per diem work. I think that is part of the error. I have double clicked it and Linked it to my schedule C. However the link does not stay once I move off of the page. When I come back the link is gone. I think that's why I am getting the six error messages regarding her allocation, I think they are not linked to anything. But no matter how many times I've tried I double clicking it, it shows the link  then when I leave the page and come back it's not there. Is there something else within the step-by-step that I need to check or uncheck to keep the link to my schedule C active? Also why is it giving her my 100% allocation that I clearly marked to be associated with my social security number in the step-by-step? Is there somewhere where I need to put her zero zero zero allocation within the step-by-step so that it will show up in this box with her SS# where it belongs instead of my allocation?