If you are on your parents' health plan, but not on their tax return; and you didn't get a 1095-A; and there are amounts in column C on my parents' form:
Here are the steps
- Open TurboTax and sign in to your account.
- Navigate to the "Federal" section.
- Go to the magnifying glass at the top right of the screen.
- Type "1095-A" in the search bar.
- Click the jump link that appears.
- Enter a 1095-A. You'll enter the info from your parents' form.
- 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 info. 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, columns 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 0% to 100%, as long it all adds up to 100%.
Example: Darcy is working and isn't on their parents' tax return. They're on their Marketplace health plan and listed on their 1095-A. Darcy didn't receive a 1095-A in their name.
- Darcy's parents have to figure out how much of column A (monthly enrollment premiums), column B (monthly SLCSP), and column C (advanced payments) on the 1095-A will go on their return and how much will go on Darcy's return.
- It was decided that Darcy will enter 10% of those amounts on their return, and Darcy's parents will enter 90% on their return.
- They could have decided to have 100% on the parents' return and 0% on Darcy's return.