Confusing situation for calculating SLCSP, PTC, and Premium Percentage. Not sure how to proceed

[pschwebel]

Situation: My wife and I have a small business. We have two adult children. in 2019, both lived at home. One was a full time student and so can be listed as a dependent. The other was not, and though under 24, earned more than $4200 last year, so she can't be listed as a dependent on my return, even though she really is.

Now, we live in CA and have our insurance thru Covered CA. I have all four of us (me, my wife, and the two adult children) as our household. However, now that I can't have one adult child as a dependent, I think that means that I have to say she "shares" the health policy, correct? But the calculation of SLCSP on my 1095-A is for our household of 4. So, how do I go about figuring out the various percentages now? I have no idea what my 2019 SLCSP would be for a household of 3 (husband, wife, dependent adult child) and a household of 1 (non-dependent adult child).

And, by the way, I'm still the one paying all the premium, including that for the adult non-dependent child.

[CatinaT1 · Accepted solution]

Since she is listed on your 1095-A, she will also need to include the information on her return.

Go to the ACA section of Turbotax:

1. While signed in and working in TurboTax Online 2019, click on Federal in the black menu on left.
2. Click on Deduction and Credits in the upper portion of the page.
3. Scroll down and click on Medical, Show More.
4. Choose Affordable Care Act (Form 1095-A) click on Revisit or Start.

Enter the 1095A data. After entering the data you will come to a page that says Let Us Know If These Situations Apply To You. If your daughter is not a dependent, click on the box next to I Shared a Policy With A Taxpayer Who Is Not On My Taxes. You will then have to enter her SS number, how many months split and the actual split. You can divide the policy anyway as long as it adds up to 100 percent on both returns. You can allocate 0/100, 50/50 or any other computation. 

[beaconhelp]

If the adult child files independently but they were on the marketplace plan for 8 months [notified marketplace of getting employer insurance]  during which the parent paid the entire premium -  can the parent claim 100% of the premium tax credit  on the 1095 ?