I was a full time student part of 2016 the other half of the year i received health insurance through my employer. How do i indicate that on my taxes so i am not charged a penalty while i was a student?

[mcdanielwhiteny]

I was not required to have health insurance while being a full time student because of my income.

[ThomasM]

Since you didn't have full-year coverage, you'll need an exemption.  Let me look into the options.

[ThomasM]

After looking at the various exemptions, here is your dilemma:  any income-based exemption is computed using your modified adjusted gross income for the year.  So if you earned little during the first 6 months and then had a reasonable paying job the second 6 months, you'll probably wind up above the two thresholds that would relieve you of the mandate requirement:  the filing threshold ($10,350 single) and the 138% of federal poverty-level threshold for residents of states that didn't expand medicaid ($16,000+ based on 2015 figures).  In theory, the way this should have played out was that you got a policy and a subsidy to help you pay for coverage those first 6 months, then you reduced the subsidy once you got a job and had more income those second 6 months.  The end result being full-year coverage.

I don't see an exemption for you.  But here are some links that will provide you with information about the coverage requirements and the exemptions.  You can explore these and arrive at your own conclusion.  This link is to healthcare.gov and regards lack of coverage:  <a rel="nofollow" target="_blank" href="https://www.healthcare.gov/taxes/no-health-coverage/">https://www.healthcare.gov/taxes/no-health-cov... link is to irs.gov and regards the exemptions to the penalty:  <a rel="nofollow" target="_blank" href="https://www.irs.gov/affordable-care-act/individuals-and-families/aca-individual-shared-responsibilit... this link is to the IRS Form 8965 instructions, which is the form to claim the exemptions:  <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i8965.pdf">https://www.irs.gov/pub/irs-pdf/i8965.pdf</a>.

[ThomasM · Accepted solution]

Assuming you had some form of health insurance while a full-time student -- and you were covered by one policy or another for all 12 months -- then when you tell TurboTax that you were covered all year, that will eliminate the penalty for not having health insurance.  That is the very first question in the Healthcare section.

If your coverage while a student was a policy thru the Marketplace and you were issued a Form 1095-A, then you'll need to enter that into TurboTax.