1095-A Allocation question

I received a 1095-A that lists my parents as the recipients, with all three of us included under covered individuals. However, I'm encountering an error stating that I need to file Form 8962 for the IRS to accept my return. Since I only received one 1095-A, how should I handle this? I am not claimed as a dependent because my income exceeds $20,000. How should I allocate the policy amounts? Under the Taxpayer's Shared Policy Allocation Worksheet should I put my parents name and put 100 for allocation and on their return put my name and put 0%.

1077

Expert Alumni

Mar 16, 2025 10:17:51 AM

Both you and your parents need to enter a copy of the Form 1095-A that you received on your tax returns. TurboTax will ask you questions about if the policy was shared with someone and how to allocate the costs and credit.

Login to TurboTax.
Select Federal and Deductions & Credits.
Scroll down to Medical and select Show More.
Select Start/Revisit next to Affordable Care Act (Form 1095-A).
Answer yes, I received Form 1095-A.
Enter the information and select Continue.
Select I shared this policy with another taxpayer who’s not on my taxes and Continue.
On the next screen you will enter the SSN for the other person and the start and end months that you shared the policy with the other person.
Make sure all of the percentages for your premium, your SLCSP, and your advance payment add up to 100% for everyone who shares the policy and enters it on their tax return. It should be an amount that everyone agrees on. It could be 50/50, 100/0, or another amount. Check with your parents to see if they are willing to put 100% on their return and you putting 0% on your return.
TurboTax will calculate the information that should be on your return based on your answers.

Review this TurboTax article I'm on my parents' 1095-A form. What do I do on my return? so they can correctly enter the 1095-A

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1095-A Allocation question