My son shared healthcare markeplace Insurance with me and my wife for 2 months.. I am doing my taxes now. What percentages do I enter for premium,SLCSP and Advance payment of PTC percentage on my taxes.
What should put in for when allocation started and stopped.
Thank you
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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 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.
My son already claimed 33% for Jan and Feb when did his taxes ?
Should I still claim 100%
No, if you shared a policy with your son and he indicated on his return that his share was 33%, you would need to indicate that 67% was your allocated share (so the total is 100%). The % doesn't apply to any certain months; it applies to the totals on the 1095-A.
Click this link for more info Allocating a Marketplace Premium.
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