You need to enter your Form 1095-A you receive from the marketplace insurance exchange in TurboTax to generate Form 8962. You enter it in the Deductions and Credits section, then Medical, then Affordable Care Act (Form 1095-A).
Yes. I did that on my tax return. Everything is good there. However, the will not accept my daughter's return because they want a Form 8962. If I put in all the 1095 A numbers it changes my daughter's return from getting a few hundred dollars back to thousands and that does not feel right to me. Is that right??? I was think I just needed to add the Form 8962 and put the numbers in. ???
If you claim 100% of your daughters insurance premiums on your tax return, enter the Form 1095-A on her return and check the box that indicates that she shared the policy with another taxpayer. Then , on the screen that says Since this is a shared policy, we need to know how to allocate the policy amounts, enter $0 for your premium percentage, Your SLCSP percentage and Your Advanced Payment of PTC percentage.
That sounds right. BUT where is the box to check that it is SHARED ???
On the next screen after you enter the 1095-A info, you will get this screen. Put a check in the box that says this is a shared policy.