1095-A Entry

[mikeq321]

It is now March 20th of 2021 and I am just now getting our 2019 taxes ready to file.  I'm retired, my wife, turned 65 in March of 2019, she had a Marketplace policy for January, February and 11 days in March.  Policy was shared with our 24yr old son, who earned $11,000 that year, and qualified for his own job related insurance policy April 1st, 2019.  My wife's business generates a Schedule C, and paid $510.44 to BCBS for January and February.  Her 1095-A reads as follows:

21 January   Column A: $1,588.44    Column B: 1,229.23    Column C: 1,078.00

22 February                 A:   1,588.44                    B: 1,229.23                    C: 1,078.00

23 March                      A:       563.64                   B:  1,229.23                   C:     382.52        My question is about the percentages on the next screen.  I keep getting a message: "Shared Pct policy allocations for a form 1095-A linked to a business Related Premiums Smart Worksheet below, are not supported."  I've played with all kinds of percentages going back and forth with our son's return, and "90%, 90%, 10%" on our return and "10%, 10%, 90%" on his does the least damage.  we would owe $252, and he would owe $300.  I started by putting in 100% for all three for us, and we would owe two or three thousand.  I really don't understand why we would owe so much, and I'm suspicious abut that "not supported" message perhaps not transferring our information correctly.  What say you?

[bemused42]

I am dealing with this question myself. As far as I can tell, Turbotax just won't vouch that any shared policy can be linked to a self-employed business. They don't have enough guidance from the IRS. The actual percentages aren't the issue. I am going to see if I can file with this error message, might have to print and mail?

[mikeq321]

I just discovered that if you go to "View" on the black tool bar above left, and click on "Forms,"  Turbo Tax will take you to the "Smart Worksheet" in question.  Then scroll down a bit to "Business Related Premiums Information Smart Worksheet."  I found my wife's business listed in the "Link Field" column.   Double click on the name of your business listed.  The complete directions are listed above this after the word "REQUIRED."  Hope this helps.  It didn't change any of the massive amounts of money owed for the privilege of using Obama Care.  Glad we're out from under THAT yoke!  Good luck my friend!

[JeffreyR77]

Use care when you are flipping percentages around the shared allocation and have a self-employed health insurance deduction. 

When you identify the correct shared allocation, the amount of out-of-pocket self-employed health insurance premiums eligible to be deducted must align with the allocations you have identified on your 1095-A.

[mikeq321]

I've got the same problem.  Six errors reported on the Shared Policy Allocation Information Smart Worksheet.  

The SSN is that of our son who shared this policy with his mother (I'm on Medicare).

The Start Month is "01" and the Stop Month is "03"  (my wife turned 65 in March which ended the need for the Obamacare policy).

And we tweeked the allocation percentages to our benefit, but they reciprocate those of our son's return, each adding up to 100%.  

So where is the error, and should I be worried about it, as I suspect that the form that gets sent to the IRS is form 8962, and I'm not getting errors for 8962.

[ThomasM125]

You are correct, the only form that will appear on the tax return is form 8962. The worksheets will not appear on the tax return.

[me148]

I like this explanation.   Let's say that a parent and one adult child share the insurance and are both on the 1095-A.   They both file their own taxes.    Can the adult child take 100% and the parent take 0.

[marvtano]

The site won't let me bring that page come up it goes straight to sign and file.

[MarilynG1]

When you open TurboTax, click on FEDERAL so you are back in your return.

Type '1095-A' in the Search area, then click on 'Jump to 1095-a' to get back to that section.

Here's How to Enter 1095-A. 

[landoskeyn]

[Image removed - PII]

[reccebill]

Where do I indicate a 1095-B or military healthcare(Tri-Care for Life) , in addition to medicare. The 1095-A had no box for an X indicating 12 months plan with VA??Plz send msg to 

[email address removed] or text msg to [phone number removed]. Tx WJP

[DoninGA]

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@reccebill wrote:

Where do I indicate a 1095-B or military healthcare(Tri-Care for Life) , in addition to medicare. The 1095-A had no box for an X indicating 12 months plan with VA??Plz send msg to 

[email address removed] or text msg to [phone number removed]. Tx WJP

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If you have TriCare then you did not receive a Form 1095-A.  You received a Form 1095-B.  A Form 1095-B is not entered on a tax return.

When asked if you received a Form 1095-A you should have selected NO.

[ldwiens]

Thanks for posting this! I have to worst time locating where to enter the 1095-A. Every year I search and the "jump to" button isn't there. So I want you to know how much I appreciate your simple, and easy to follow directions.