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rc112
New Member

Marketplace healthcare Premium Tax Credit allocation when tied to self employed income and policy shared with non-dependent

I am self-employed and have Marketplace insurance; the premiums are linked to our Schedule C business. We cover our adult daughter on our policy; she files her own tax return. This year she was asked by TurboTax about a1095-A PTC % allotment. She located and input the necessary information from our 1095-A to claim 33% of the PTC. On my personal return, I allocated 67% PTC to myself. Each time I attempt to allocate shared 33% to our daughter's social security # with my return, TurboTax says it does not support allocation of the 1095-A PTC when it is tied to self-employed income. Why is this and is there a way to get around it? I'm ready to just ignore the final review, which shows I have 6 errors related to the PTC allocation nd wants me to remove the 33% for my daughter, print the return, and mail it in. If anyone has advice/suggestions on addressing this topic's error message so I can eFile, it would be appreciated.

TurboTax Help says that sharing a percentage while one part of the percentage is tied to a Schedule C Business may confuse the software's built in formula and says to just recheck entered figures from Form 1095-A, which are correctly inputted but still producing error check message.....Uggggh!

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1 Reply
MaryK4
Expert Alumni

Marketplace healthcare Premium Tax Credit allocation when tied to self employed income and policy shared with non-dependent

Unfortunately, you will not be able to e-file.  You can print and mail it in.  

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