i am using TT Home & Business and am being told to check agina my entries on form 8962 for the allocation of 1095A marketplace insurance. My ex deducts our eldest child

[gagehr]

i chkd info is correct. software keep telling me same error

[MaryK4]

This usually occurs when you have a shared policy and self-employed health insurance deduction.  To remove the error, try these steps:

• Go to the Affordable Care Act (Form 1095-A) section under Federal > Deductions & Credits.
• When asked if this policy is tied to your self-employment, uncheck the box or select No. 

If you do not have a Schedule C, please post again and we can investigate more.

[gagehr]

Mary,

I am paid as 1099 person as a hairdresser. Ex and I agreed on oldest child dependent for him, the other two for me... so figured 75% 1095A for me and 25% for him but when i enter those numbers TT does not stop referring to that info to "check for errors".  I am tempted to trust my info put in and submit but don't want it to bounce at IRS and get held up.

[DaveF1006]

The IRS requires that the total allocation between two tax households equals exactly 100%. If there is even a minor discrepancy in how you and your ex-husband report the Policy Number, SSN of the other recipient, or the Allocation Months, the IRS computers will flag it immediately.

1. The "Start and Stop" Dates

Check your entries for the Effective Date and Termination Date of the allocation. If you selected 75% for the year, make sure you've indicated that this applies from January through December. If there’s a gap in the months, TurboTax will keep asking for "missing info."

2. Matching the 1095-A Precisely

Ensure the Form 1095-A data (specifically Part III, Columns A, B, and C) matches what is printed on your physical form exactly. Even if you are only taking 75%, you usually have to enter the full amounts from the form first, and then apply the percentage in the "Shared Policy Allocation" section.

3. The Social Security Number Loop

TurboTax often loops back if the Social Security Number of the Shared Policy Holder (your ex) is missing or formatted incorrectly in the allocation sub-section. The IRS uses this SSN to "pair" your return with his to ensure the total doesn't exceed 100%.

Steps to Fix the Loop

1. Delete and Re-add: Sometimes the "Shared Allocation" data gets corrupted in the software's memory. Delete the 1095-A entry entirely and re-enter it. 
2. Check Part IV of Form 8962: In TurboTax, go to Tax Tools > Tools > View Tax Summary > Preview my 1040. Look for Form 8962, Part IV.
3. Column (e): Premium Percentage (should be 0.75)
4. Column (f): SLCSP Percentage (should be 0.75)
5. Column (g): Advanced PTC Percentage (should be 0.75)
6. Ensure He Has 25%: If he hasn't filed yet, make sure he knows to use 25% exactly. If he used a different number, your return will be rejected.