My return was rejected due to not having a Form 8962 and it says I need to input a 1095A form to generate the 8962. I am in my parent's health plan and on their 1095A form but not on their tax return. There are amounts in column C of their 1095A.
I am having trouble figuring out what percentage to put for my Premium, SLCSP, and advanced payment. According to the FAQ, for my situation, it says to put a percentage so that my percentage plus my parent's percentage equals 100%. However, I checked my parent's Form 8962 to check what percentage they put and the percentage boxes in Part 4 are all empty. What should I do? They filed taxes using a tax preparer and have already filed it.
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Yes, you still have to file your own 1095-A and Form 8962. Check with them to see what percentage they used. Between the three of you, you can split the percentages in any way you choose, as long as you are all in agreement.
If they used 100%, that leaves you with 0%. If they took 66%, that leaves you with 34%. All percentages must add up to 100%.
You'll enter the info from your parents' 1095-A form. If your parents did not claim any percentage, then you enter 100%. Make sure to check the box that the health plan is a shared plan.
For more details, see this help article on What to do on your return if you are on my parents' plan.
Thank you. Also, I saw that on box 1 of their 8962 form, which is the tax family size, they put 3 (both parents and me) even though they are not claiming me on their return. Is that correct and would i still have to have my own form?
Yes, you still have to file your own 1095-A and Form 8962. Check with them to see what percentage they used. Between the three of you, you can split the percentages in any way you choose, as long as you are all in agreement.
If they used 100%, that leaves you with 0%. If they took 66%, that leaves you with 34%. All percentages must add up to 100%.
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