What you need to report depends upon whether you are a dependent and what type of insurance this is.
If you are a dependent, you only need to report the months that you had insurance.
If you are not a dependent, you only need to report the months that you had insurance unless the policy was a Marketplace policy (1095-A).
If this was a shared Marketplace policy and you are not filing as a dependent, then the four people on the policy will need to agree how you will split the policy among you. You will each need to determine your percentage of the policy. Understand that if you paid too much for the policy, you will each get a refund based upon your percentage, and if you paid too little, you will each have to pay the difference based upon your percentage.
Your percentage can be anything from 0-100%.
You might want to try different scenarios to determine which one gives the best result for your particular circumstances.
This is how to enter the information in TurboTax:
First, you need a copy of the 1095-A.
- Type "form 1095-A" in the Search box, then select Jump to form 1095-A.
- When you get to Was anyone enrolled in any of these less common plans in 2016, click Yes.
- Under Do any of these situations apply, check Shared this policy with another taxpayer who is not on my taxes.
- Under Since this is a shared policy, we need to know how to allocate the policy amounts.
- Enter your percentage amount in each of the three boxes for Premium, SLCSP and PTC. (Click on the screenshot below for an image.)