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fd15
New Member

How do I fill out form 8962? my parents paid my ACA health insurance for 6 months until I had employer paid health insurance but did not claim me as a dependent.

 
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4 Replies
Coleen3
Intuit Alumni

How do I fill out form 8962? my parents paid my ACA health insurance for 6 months until I had employer paid health insurance but did not claim me as a dependent.

You will need to share the policy. Get the form from them to enter onto your return.

How do I enter a 1095-A when my situation is a little complicated?

If you're not sure how to enter your 1095-A, select the link below that matches your situation for more information:


How do I fill out form 8962? my parents paid my ACA health insurance for 6 months until I had employer paid health insurance but did not claim me as a dependent.

What do i do if I am asked to submit a form 8962 and I was on my parents health insurance, but am not on their tax return? I do not know what to do because my husbands and I's income is way different than my parents. I just do not know what to do.

tomt747
New Member

How do I fill out form 8962? my parents paid my ACA health insurance for 6 months until I had employer paid health insurance but did not claim me as a dependent.

No I'm the parent, and my daughter has already filed,  I have amounts in columns A,B, and C

KathrynG3
Expert Alumni

How do I fill out form 8962? my parents paid my ACA health insurance for 6 months until I had employer paid health insurance but did not claim me as a dependent.

For 2020, there is no longer a penalty for not having health insurance. The only time you would need to report it would be to reconcile the Premium Tax Credit.

 

If you did not have Marketplace health insurance, disregard the rest of these details.

 

1. To return to this area of your return, enter health insurance  in the search box and click the Jump to link in the search results.

 

  • The questions in TurboTax for your 1095-A form as for Box 1 and 2 for Recipient information, which would be for you.

 

  • The next screen is Let us know if these situations apply to you where you can identify if you shared this policy with another taxpayer who's not on your taxes, as well as identifying that you have at least one dependent on your taxes who's filing a separate return. You would need to enter your child's modified adjusted gross income.

 

  • TurboTax Learn More:

To calculate your dependent child's modified adjusted gross income (MAGI), you'll need to access their completed 2020 tax return. If you have not filed your dependent child's tax return, you'll need to do that to do the calculation.

If your dependent child filed their tax return with TurboTax, they can sign into their account to access their 2020 tax return.

Your dependent child's MAGI can be calculated by adding any amount reported on Form 1040 lines 2a to the amount on line 8b. Although it's not common, if they claimed foreign earned income exclusion, housing exclusion, or housing deduction, add the amount from form 2555, lines 45 and 50, or form 2555-EZ, line 18 to the amount on line 8b. Finally, if they have received Social Security income, add the difference between lines 5a and 5b to the amount on line 8b.

If you have more than one dependent child who filed a tax return, add up all of their MAGIs and enter the total amount.

Do not enter any income you already included on your return.

 

2. Continue through the prompts, which will capture the details. The next screen will be: Since this is a shared policy, we need to know how to allocate the policy amounts.

 

These details will allow TurboTax to calculate if any of your health insurance discount must be paid back.

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