I am using Turbotax Desktop Deluxe PC version. I am entering the 1095A form and answering "Yes" to the "are you sharing" question. I then enter 100 into the Premium Percentage, SLCSP Percentage, and Advance Payment of the PTC Percentage boxes, as we're not sharing the credit with the children. The program throws a fit during the "check" phase, saying 100 isn't a valid number, and the preview of form 8962 is showing "1.00" on the line 30 percentages. It's a mess.
It seems that the issue is coming from the poor choice of wording in Turbotax. It asks if we're sharing the policy with other people that aren't on the return, but the form 8962 actually asks if we're "allocating policy amounts". We're sharing but not allocating, I think.
So, should I just say "no" to Turbotax or wait for a software upgrade to make it work properly?
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Say No.
I'm assuming that this 1095-A has been issued to you with your social security number as the primary as well as your adult children who are not claimed on your tax return. If any of that is incorrect then the following advice doesn't apply and you need to correct my assumptions.
If your children are going to file their own tax returns then you should allocate the 1095-A with your adult children. They will not be able to file a tax return without information from a 1095-A on their tax returns because their social security numbers are registered with the health care marketplace. If they are not filing and you are not claiming them you will most likely receive a notice from the health care marketplace regarding them.
The kids are filing independently, entering the 1095a form on their return, sharing it with me by entering my SSN and 0 share size for them.
If you are all in the same policy, after you enter your form, there is a question in TurboTax that asks if you shared the policy with someone else. Answer yes, and then enter the information for one of your adult children. Then you will need to allocate the amounts between all three of you. They will also need to do this on their return.



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