If you are on your parents' Form 1095-A but not claimed as a dependent on their tax return, here's what you need to do:
Wait for Form 1095-A: Ensure you receive Form 1095-A from the Health Insurance Marketplace before filing your tax return. Filing without it will result in a rejection from the IRS
- If you're on your parents' Form 1095-A, but aren't filing as their dependent, select your situation
- I'm on parents' health plan, but not on their tax return, and I got my own 1095-A
- At enrollment, your parents told the Marketplace that you aren't on their return. That’s why you received your own form to enter its info on your return.
- When TurboTax asks you if you are sharing your health plan, don’t check the box.
- I'm on my parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are amounts in column C on my parents' form
- In this case, TurboTax will ask you to 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.
For more detailed instructions, you can refer to TurboTax's support page
