Form 8962

Forum|Forum|4 years ago
February 27, 2022
1 reply
3 views

Unmarried couple with 2 children. For tax purposes, she claims one child I claim the other. I claim Head of household status. Listed both kids but 1 is classified as not a dependent.

For insurance purposes, policy is purchased through the state program. I enrolled both kids and myself and she enrolled herself. 1095A received for me lists the 3 of us. Her 1095A lists just her.

When I look at my form 8962 it only lists 2 in the tax family. And it computes that I need to repay some of the advanced discount. I am assuming it is because the program has listed only 2 in the tax family. Shouldn't this be 3? Do I need to change this to 3? If so how do I do that?

JamesG1

Level 15

Correct the 1095-A to reflect all three family members by following these steps:

Click on the magnifying glass in the upper right hand corner of the screen. Enter '1095-A'.
Click on 'jump to 1095-A'
At the screen Here's what we have for your 1095-A's, click Edit to the right of the form to be corrected.

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al476Author

Level 2

Thank you James. I did what you listed here but once I click on edit it doesn't give me any way to add the 3rd member needed. In fact it doesn't show me any of the people that it should. Only things that show up are Box 1, Box 2 input from the form and part III to enter in monthly amounts. Part II of form 8962 doesn't even come up.

Suggestions?

RaifH

Level 10

Since your second child is not a member of your tax household, a portion of your 1095-A must be allocated to your partner's tax return.

You can allocate the policy and the advanced premiums paid between yourself and your partner how you wish, as long as the entire amount is being claimed. To allocate the plan in TurboTax:

In Federal > Deductions & Credits scroll down to Medical and click Start/Revisit next to Affordable Care Act (Form 1095-A)
Enter the information as it appears on Form 1095-A.
Let us know if these situations apply to you click I shared the policy with another taxpayer who's not on my taxes.
Enter the allocation information that you have determined. Use your partner's social security number, not your child's on the allocation screen. The three percentages must be equal, if you are claiming 75% of the premium percentage, you must also claim 75% of the SLCSP percentage and the advanced payment of PTC percentage.

Please note when your partner files, they must claim whatever percentage you did not. If you claimed 75%, she must claim the other 25%. Do not do the allocation yourself from the numbers on the form. Enter Form 1095-A with the exact numbers it reports.