Why is this entry so difficult to find ? Seriously - the directions / articles are WORTHLESS . I've already spent more time trying to enter this info than I have to prepare my entire year's taxes.
The instructions suggest I need to click on search, enter 1095a and then hit the "Jump To" button - which I have never seen - its not there - never has been. SO I GET NOWHERE. Frustrating. Seriously - why isn't the **bleep** thing on the menu like everything else. I cannot even find it in the forms section. Drives me crazy.
Please try this alternative method.
In TurboTax, you can enter your form 1095-A by following these steps:
Please try this alternative method.
In TurboTax, you can enter your form 1095-A by following these steps:
Thanks - after about 10 more minutes of digging, I found it. I am using the Mac Business version so my menus do not match any of yours and that has been the biggest problem. Seems all the built-in help responses only apply to the online version which makes them worthless to me. I **REALLY** don't know why its not documented in the help section and why all the tips that show up only pertain to the online version. It makes using the dowloaded version very frustrating. Since I was not using anything in the deductions section - I glossed over it and missed the item - it was there , it just was not intuitive where it was located.
In my copy of the software I had to go into Personal Tab > Deductions and Credits > Choose What I Work On> Medical > and finally, the very last entry in medical ACA / 1095-A . One hour of lost time I'll never get back... ugh.
Best regards & thanks again.
To the left of the screen, click on Federal.
Click on Deductions & credits.
Under Your tax breaks, scroll down to Medical.
Click Start or Revisit to the right of Affordable Care Act.
@6ixgun To get to and enter your 1095-A form:
What should be 0 for both of you? Did you have a 1095-A to report?
If you purchased insurance through the marketplace and received a 1095-A, that must still be reported on your return.This will calculate the Net Premium Tax Credit on Form 8962. This form reconciles the amount of the credit available to you with the amount already received as an Advance Premium Tax Credit. The result could be additional credit owed to you, or you may have to repay any amount already received in advance. Because of either of these results, it is important for taxpayers to include the information from Form 1095-A on their return.
Follow these steps:
I am doing the fathers tax return There are 3 people on the 1095-A form. The father and his 2 daughters
the coverage start date and end date for all 3 people is 1-1-2019 to 12-31-19.
The father does not claim either of his daughters on his tax return. The one daughter filed her own taxes she is 22 years old and is working. The other daughter is 19 years old and was claimed on her mothers tax return.
I entered in the shared policy allocation information the 22 year old daugher's social security number. when I do the smart check it gives me 6 errors all dealing with this. Can someone help me enter the correct Premium percantage, SLCSP% and the advanced payment of the PTC %
The correct allocation adds up to 100 percent for all three people on the 1095A.
There really is no correct allocation, it can be what is agreeable to all parties on the 1095A. If your father is paying for health insurance, he may want the full benefit of the calculation. So he would take 100 percent and the daughters would take 0 percent. Or he could split it 34/33/33 or 50/25/25.
The Premium Percentage, SLCSP, and the advanced payment should all be the same (unless you have figured a way to make it benefit you). So if your father is taking 100 percent, fill out all three with 100. If he is taking 34 percent, then put 34 in each of the boxes. Make sure the daughters know what the father is claiming and that they have a copy of the 1095A. They will need to claim it on their own returns. The Marketplace does not always mail the copies to everyone.
This was the best and eeasiest to comprehend answer for my downloaded version of Turbo Tax Thanks!
I do not have a 1095-A or perhaps misplaced it. I have Medicare and not sure what to put in this area. I also have Tri Care for Life (Military) and I got a 1095-B.
Don
There were a number of issues listed above. Which one do you find to be frustrating?
I finally found a way on my own. I had previously entered some 1095-A data but Turbo Tax would not let me open up the 1095 interview to make a correction. None of the directions above worked for me. There was no "jump to" option in the search results and there was no "federal" button in the upper left. After much frustration and many attempts, I clicked on "Tools" in the upper left and then "My Tax Data." I then scrolled down to the 1095-A form and clicked on "jump to interview." I could then make any corrections necessary. I don't know if this would work for the initial entry.
Medicare or Tri-Care does not need to be reported. Only the 1095-A needs to be entered on your return from insurance purchased through the marketplace. If you received a different 1095 form, such as one from employer benefits, you do not need to enter anything on your return. It is for your records only.
If you purchased insurance through the marketplace and received a 1095-A, that must still be reported on your return.This will calculate the Net Premium Tax Credit on Form 8962. This form reconciles the amount of the credit available to you with the amount already received as an Advance Premium Tax Credit. The result could be additional credit owed to you, or you may have to repay any amount already received in advance. Because of either of these results, it is important for taxpayers to include the information from Form 1095-A on their return.
Follow these steps:
I read that you should leave the one box empty?... see attachment of that page on the turbotax filing page... Is this correct? (the other 50% will be on a separate tax return of shared health insurance)
Everytime I call the help line, it keeps me on hold for a few minutes and then hangs up on me! Then somehow, I was able to leave a call back number... someone called me back, I explained my questions, she didn't seem to understand my question, and then asked me if I preferred to talk to a tax representative!! I thought that was who I was talking to?!?! She she said she was transferring me, and the line hung up! I've been hung up on at least 5 time today!
@Denise77 If you are trying to get the 1095-A entered, let me see if I can help. I am posting instructions and a screenshot below.
If you purchased health insurance through Healthcare.gov or your state's health insurance marketplace, you should receive your 1095-A by mid-February.
Your 1095-A should include info for everybody on your return who was enrolled in a Marketplace plan, and is required to calculate the Premium Tax Credit.
Here's how to enter your 1095-A in TurboTax:
If you have Form 8962 and a 1095-A, and aren't sure what to do with them, go here for info on how to file them with your return.
I am trying to complete 1095-B form. It is asking for payment amounts. I have not made payment amounts as I am covered by medicare and medicaid. What can I do to move forward?
You do not need to enter any information from your 1095-B. The health insurance section only requires information from Form 1095-A to be entered there. Delete the 1095-A you started and answer NO to the ''Did you receive a 1095-A or have insurance through the Marketplace?'' question. Keep the 1095-B with your tax records but don't enter that information on your federal tax return.
If you purchased health insurance through Healthcare.gov or your state's health insurance marketplace, you should receive your 1095-A by mid-February. Your 1095-A should include info for everybody on your return who was enrolled in a Marketplace plan, and is required to calculate the Premium Tax Credit. However, if you did not have this type of insurance and do not have a 1095-A, you can skip the health insurance section in TurboTax as you do not qualify for the credit. @Gvaughn
Thanks. I had no problems filling out the screen asking for the 1095-A info. It is the next screen that I am questioning where they want percentages (see screen shot attached). The second screen shot is of the help box on that screen. They give you different scenarios as examples to use. When I actually got someone on the phone, they said I should put 50 in all three boxes, yet the help box says to leave the one empty.... I am not sure why.