I cancelled my ACA coverage in July and switched to employer health coverage. The form 1095A I received has 0 values in the three columns from Aug - Dec. When I enter 0 values in Turbo Tax, it throws and error (15 times) and will not let me transmit my tax return until the errors are resolved. This seems like a somewhat common scenario that Turbo Tax should accommodate. Any suggestions?
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For all the months where you did not have Marketplace healthcare coverage, leave all the columns for those months blank (empty), remove the zeros.
Suggestion was to use blanks, but this does not work. Please provide suitable way forward.
For any box that do not have an amount, or that has a zero on your 1095-A Form you will leave it blank in the software. Make sure you remove everything from each box (even any spaces put by mistake).
If you didn't have Marketplace insurance all year, you can leave column A blank for the months you didn't have it. Then columns B & C will not be an issue.
If you have an amount in column A, then the amount in column B can't be zero. You must enter the Second Lowest Cost Silver Plan (SLCSP). The SLCSP is the second-lowest priced health insurance plan in the Silver category that was available when you applied for insurance at Healthcare Marketplace.
You can use the Health coverage tax tool to figure to get the SLCSP if it is not on your Form 1095-A.
The amount in column C can be zero if you didn't take a monthly subsidy to help pay for your health insurance premiums.
See this article for more information about the Premium Tax Credit.
TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A.
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