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How do I correct the following error codes in 1095A Insurance exchange shared policy premium pct policy allocation for Form 1095A linked to a business, are not supported?

 
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3 Replies
BrittanyS
Expert Alumni

How do I correct the following error codes in 1095A Insurance exchange shared policy premium pct policy allocation for Form 1095A linked to a business, are not supported?

Can you clarify if you are filling a Schedule C and claiming this as an insurance deduction?

 

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How do I correct the following error codes in 1095A Insurance exchange shared policy premium pct policy allocation for Form 1095A linked to a business, are not supported?

It is for a schedule C.  My son got a job in December so I can no longer claim him as a dependent and he is on my policy. I have to allocate his portion of the policy to his return but it I get this error message when I check both of the following "I shared this policy with someone else" and "I am self employed."

ThomasM125
Expert Alumni

How do I correct the following error codes in 1095A Insurance exchange shared policy premium pct policy allocation for Form 1095A linked to a business, are not supported?

Since TurboTax does not support the situation where you are sharing the allocation to your son, one option would be for you to assume a 100% allocation to yourself. You can still say you are sharing the policy but you choose to report 100% of it on your tax return. That should resolve your error messages.

 

Another option would be to use the desktop TurboTax program and calculate the self-employed health insurance deduction manually where you can make entries directly on the forms. A third option would be to not take the self-employed heath insurance deduction.

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