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1095-A How to share policy with more than one adult child not a dependent

My husband and I pay Marketplace Health Insurance for our 2 adult children whom we do not claim as dependents.  I see on Turbo Tax how to share a policy but it will only let me share with one other person.  How do I get Turbo Tax to allow me to have a shared policy with both of my adult children who are not dependents on my tax return?  Plus can I claim 100% of the policy premium because I pay for their insurance?

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1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

1095-A How to share policy with more than one adult child not a dependent

You are not required to list each individual with whom you share the policy.

 

As long as you include one other person and all the percentages equal to 100% you don't need to list everyone.

 

The IRS requires that your percentages are agreed upon by all and that the percentages add up to 100%.

 

You may claim all 100% on your tax return as long as it is agreed upon.

 

The parent tax return should reference one child and the tax returns for the children should both reference the parent on their 1095-A entries.

 

 

 

 

 

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1 Reply
JamesG1
Expert Alumni

1095-A How to share policy with more than one adult child not a dependent

You are not required to list each individual with whom you share the policy.

 

As long as you include one other person and all the percentages equal to 100% you don't need to list everyone.

 

The IRS requires that your percentages are agreed upon by all and that the percentages add up to 100%.

 

You may claim all 100% on your tax return as long as it is agreed upon.

 

The parent tax return should reference one child and the tax returns for the children should both reference the parent on their 1095-A entries.

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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