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%.
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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.
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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