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I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

my mom and dad hold the policy, my brother and I are also on the policy. So there is a total of four on the policy. I need help to figure out the percentage.
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12 Replies
HollyP
Employee Tax Expert

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

They have the option to claim 100% of the 1095-A on their tax return, or to "allocate" part (or all) of it to you.  If you both agree, the allocation can be anywhere from 0% to 100%.

See @TaxGuyBill's answer below for more info. https://ttlc.intuit.com/replies/4909853

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r4medina
New Member

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

Why would you use the downloaded version instead of the online version.

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

Taxes return 

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

@Tyrone _1997 Sorry---but if you have a question you have to use more than two words.  We do not know how to help unless you ask a complete and clear question.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

Track my refund 

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

@Tyrone _1997 

There are a lot of delays for federal refunds.  Did you mail your return or e-file?

 

If you mailed it:

 

MAILED RETURNS

 

The IRS has just started to work through millions of mailed returns that have been piling up in trailers during the pandemic.  All you can do is watch the IRS refund site to see when your return makes it to the surface and goes into processing. Sorry.

 

Per the IRS website IRS Operations During COVID-19: Mission-critical functions continue:

 

IRS operational status and alternatives

Processing Delays for Paper Tax Returns: Taxpayers should file electronically through their tax preparer, tax software provider, or IRS Free File

We’re experiencing delays in processing paper tax returns due to limited staffing. If you already filed a paper return, we will process it in the order we received it.

Do not file a second tax return or contact the IRS about the status of your return.

 

If  you mail a tax return (or a payment) to the IRS, it is a good idea to use a mailing service that will track it like UPS or certified mail so you will know it was received.

 

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. 

 

TurboTax will not know anything about your mailed return, and will continue to show “Ready to Mail” on your account.  TurboTax will not know that you put your tax return in an envelope and took it to a mailbox.  TurboTax does not get updates on mailed  (or e-filed) returns.

 

When the IRS finally opens its mail and begins to process mailed returns you can check the status on the IRS site. https://www.irs.gov/refunds

 

State returns have to be mailed to the state.

https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund

 

 

Or......

 

 

Did you e-file?  Did you click a big orange button that said “Transmit my returns now?”

 

When you e-file your federal return you will receive two emails from TurboTax.  The first one will say that your return was submitted.  The second email will tell you if your federal return was accepted or rejected.  If you e-filed a state return, there will be a third email to tell you if the state accepted or rejected your state return.

 

First, check your e-file status to see if your return was accepted:

https://turbotax.intuit.com/tax-tools/efile-status-lookup/

If the IRS accepted it, what does it say here? 

https://www.irs.gov/refunds        

 

  Or does your account say “Ready to Mail?”

 

Note: If it says “Ready to Mail” or “Printed” that means YOU have to mail it yourself.  TurboTax does not mail your tax return for you.

 

 

If your e-file was accepted:

 

To check on regular tax refund status via automated phone, call 800-829-1954. (This line has no information on Economic Impact Payments.)

 

 

https://turbotax.intuit.com/tax-tools/efile-status-lookup/

TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  Many refunds are taking longer during the pandemic. 

 

Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.

You need your filing status, your Social Security number and the exact amount  (line 20 of your Form 1040) of your federal refund to track your Federal refund:   

https://www.irs.gov/refunds

To track your state refund:    

https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund

 

https://ttlc.intuit.com/questions/1901548-why-do-some-refunds-take-longer-than-others

If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing.

https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
sueheap23
Returning Member

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

I don't have access to the answer. Please advise. I am using Turbo Tax Live Deluxe and have gotten no where with several calls and chats made. Thank you in advance.

JotikaT2
Employee Tax Expert

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

Can you please comment with your specific question so we can assist you?

 

Here is a link to assist if you are the dependent listed on your parent's 1095-A Form.

 

How to enter information if you are reported on your parent's 1095-A

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I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

I have the same situation. Turbotax doesn't give me an option to enter the third person's information after I checked yes to the question "are you share this policy with other person". 

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

The way TurboTax is set up, you don't enter the social security number for the third person.,  You can enter your percentages in amounts that all parties agree on.  If the other parties also get a 1095-A they will enter your social security number as the person that they shared the policy with you.

 

The only rule is that all parties have to agree to the percentage amounts and that the percentages much add up to 100%.

 

So it could be 33/33/34, or 100/0, or any combination that adds to 100 and all agree upon.

 

 

The 1095-A is used to determine your Premium Tax Credit
 

mistyespo
New Member

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

What if they don't have access to their parents 1095-A and can't get a response from the parent?  Is there a way to complete the return without it? 

RaifH
Expert Alumni

I share a Marketplace policy with more than one person, My parents are the policy holders. How do i fill in the percentages and allocate my policy amounts?

If you are on your parent's healthcare from the marketplace, the IRS might automatically reject your efiled return if you do not include the 1095-A. They expect those forms to be attached because their information indicates you were receiving marketplace insurance. 

 

If they do reject your return and you absolutely cannot get the 1095-A, you can try mailing your 2021 tax return. They still will probably question why you did not include the 1095-A but if you explain to them that you make no payments and do not have access to the form, your return may eventually be accepted. However, this whole process will take significantly longer than if you were able to get that information. 

 

@mistyespo

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