SLCSP PERCENTAGE

Forum|Forum|4 years ago
April 16, 2022
4 replies
57 views

I have two taxpayers on my plan that were on and off for different time periords. How do I allocate the SLCSP percentages within Turbotax for my return, as well as that of two additional tax returns (individuals).

ColeenD3

Level 15

You can indicate that you shared the policy and prorate. You can decide the proration amounts between you but the pro-rations must add up to 100%. You can also click on the blue link. What percentage of the following policy amounts do you want to claim on your tax return?

Child/Children on another tax return

If you share a policy with someone who is claimed on another tax return (usually a child), you can take the number of people on your tax return who are covered on that plan and divide it by the total number of people on the plan. This would be your percentage of premiums, SLCSP and advanced payment of the premium tax credit, unless you agreed on a different number beforehand

asimnaseer1Author

Level 2

I have shared that policy with my two sons, In 2021 they are not my dependents. My one son was quit from my policy in May 2021 and other was quit in August 2021. Both are filling their tax returns 2021 separately. So how can I file 8962 for two kids and what will be the ratio. Can you please help

asimnaseer1Author

Level 2

I have just read on turbo tax that if you shared a marketplace policy with more than one person contact us we will help you allocate your policy amounts. Please advise