Do I need to file a 1095A from the Marketplace if we did not receive a premium tax credit, and Column B on the 1095-A is $0

Form 8962, Premium Tax Credit, is used to reconcile an advanced premium tax credit amount for individuals who received an advanced payment toward the cost of a health insurance premium throughout the year, or to claim a premium tax credit for those individuals who are eligible. TurboTax will automatically fill out Form 8962 once you enter your 1095-A form. 

 

Since you didn't receive the premium tax credit, and if both column B &C are blank, you don’t have to fill out or include Form 8962 when you file your federal taxes. However, the IRS might reject your tax return if you received form1095-A but didn't report it on your return. 

 

Enter the information from your 1095-A and leave the empty columns blank. Don't enter 0. 

For more information please check MinhT1 response

 

 Healthcare.gov

 IRS.gov

How do I report that I received a 1095-A on my return but am not claiming a premium tax credit.  If I enter 'yes I have my 1095-A information ready' and go to the next screen, you are then claiming a credit.  For columns B & C, you cannot enter 0 or leave them blank.  

Do I just enter 'yes, I have my 1095-A information ready' and not complete the next screen?

The only 1095 that must be reported on your tax return is the 1095-A.  

• Did you get a 1095-A in the mail
• If so, Part III column B and C should be posted.
• Both the 1095-B and 1095-C do not have to be included. 
  • However, you should keep them with your tax documents for future confirmation.

Please confirm that you do not have any open accounts.

 

You can use the phone number by state at The Health Insurance Marketplace.

The list is half way down on the page.

To clear a 1095-A in TurboTax, you can follow these steps

 

To enter a 1095-A in TurboTax, you can follow these steps

             

1. Select Tax Tools
2. On the drop-down select Tools
3. There will be 4 green boxes
4. Select Topics Search
5. Type the 1095-A
6. Continue through the questions and it will be posted to your return.

On the 1095-A, you should not enter "0" zeros.  This will cause a Review Error.  Simply leave the area blank.

 

 

I did receive a 1095-A and want to report that I received it on my return, but I paid the full amount of my premiums and do not want to claim a tax credit.   Filling out the screen with columns A, B & C will give me a credit that I do not want or am entitled to.  I simply want to state that I received a 1095-A but do not want a credit.

In 2023 you estimated your "household" earnings for 2024.  

• If that estimate was higher than what you actually made you will be entitled to a credit.
• If the estimate was less, you will owe additional tax.
• If you haven't posted all of your income yet, the credit will reduce as each income statement is added, it will be reduced.
• If all of your income has been posted, you are entitled to the credit

No not this year for 2024

 

Yes.  If you received a 1095-A you will need to include it on your return. Since column b is blank you may have an error if you try to submit with nothing in column b.  If you do, you can use this tool to enter your SLCSP which should allow it to go through. 

Hi, I have form 1095A, amount reported in Part III column B & C.  I said yes to having 1095A in turbo tax, but it is not asking me any follow up questions or producing form 8962.

On your form, there should be an amount in column A.  This is the premium that would have been covered.  If you do not have a number in column A, contact the marketplace for a corrected form. Entering the amount in column A should generate form 8962. 

I have amount listed in column A, B and C.  In TurboTax I said yes I have 1095A, yet no follow up questions and no 8962.  Is this a TurboTax error? should I add it manually

In the interview for Form 1095-A, a form opens where you can manually enter the amounts reported on your 1095-A.

 

You may want to step through this section again, under Deductions & Credits > Medical > Affordable Care Act.

 

If you're using TurboTax Online, clear your Cache and Cookies first.

 

@question27