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How do I enter my information and my allocations from my parents' 1095-A? Do I enter the full monthly premium, etc., or just my percentage?

 
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3 Replies
TomK
Expert Alumni

How do I enter my information and my allocations from my parents' 1095-A? Do I enter the full monthly premium, etc., or just my percentage?

Please read the TurboTax FAQ for more information about "I'm on my parents' 1095-A form. What do I do on my return?": I'm on my parents' 1095-A form. What do I do on my return?

How do I enter my information and my allocations from my parents' 1095-A? Do I enter the full monthly premium, etc., or just my percentage?

You completely disregarded my question. I specifically asked you, "Do I enter the full monthly premium, etc., or just my percentage?" I do not recall ever mentioning anything about being a dependent. And, if you do not understand that sharing a health plan and being a dependent on someone else's return, you need to consider seeking employment in a different discipline. I will ask you again: On my individual tax return, when TurboTax explicitly asks me to enter information from my parents 1095-A, should I report the whole monthly payments and monthly advances, or just the percentage that I will be claiming?
TomK
Expert Alumni

How do I enter my information and my allocations from my parents' 1095-A? Do I enter the full monthly premium, etc., or just my percentage?

Thank you for clarifying your situation. My answer above provides various options. Link 2 states: "In this case, TurboTax will ask you to enter a 1095-A. You'll enter the information from your parents' 1095-A. The next screen will ask you about your health plan being shared, so check the box.

Then you'll see a screen asking for shared policy information. You enter the following:

Enter the social security number in box 5 (recipient's SSN) on your parents' 1095-A
Enter the starting month and ending month that you had the insurance
Now you'll be asked to enter percentages for Your Premium, Second lowest cost silver plan (SLCSP) and advanced payment.

You should see amounts on your parents’ 1095-A, column A, B, and C. You and your parents should agree on what percentage of those amounts you’ll claim on your return, and what percentage they’ll claim on theirs. You can use anything from zero to 100 percent, as long it all adds up to 100 percent.

Example: Nate is working and not on his parents' tax return. He is on their Marketplace health plan and listed on their 1095-A. He didn't receive a 1095-A in his name.

He and his parents have to figure out how much of column A (monthly enrollment premiums), column B (monthly SLCSP) and column C (advanced payments) on their 1095-A will go on their return and Nate's return. They decided that Nate will enter 10% of those amounts on his return and his parents will enter 90% on their return. They could have decided to have 100% on the parents' return and zero percentage on Nate's return."

Thus, you will enter a PERCENTAGE agreed upon by you & your parents. Thank you & have a nice day.

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