Two 1095-A forms

[Topangamama]

Hello,

We received two 1095-A forms because our adult daughter (who lives in the same household but is filing a separate return) was on a different health insurance plan (but still through Covered CA).

1. When entering the information into TurboTax, do I just enter both policy numbers and their corresponding details, and will TurboTax automatically combine the advance premium tax credit amounts?

2. Alternatively, should I select the option that says "I shared this policy with another taxpayer who’s not on my taxes" for each form?

3. If the policy is considered shared, how do I properly allocate the policy amounts and the SLCSP percentages between the two returns?

Any guidance you can provide would be greatly appreciated!

Thank you in advance for your help!

[MaryK4]

If your 1095-A is separate from your daughter's, you can just enter the one that has your information.. Since she is filing her own return, she can enter her own 1095-A.  It is only a shared policy if you are on the form that has people who are not on the same return on it. 

[Topangamama]

Thanks for your reply.  I'm not sure if my daughter can enter her own 1095-A, since my husband and I are listed as "recipients" in Part 1 and she is listed as the sole "covered individual" in Part 2.

The 2nd 1095-A lists my husband and me as recipients in part 1, and the two of us plus our younger child as covered individuals in Part 2.

I'm unclear how to proceed since my daughter was considered part of the household for APTC purposes, but is filing a separate tax return and had the "gold" Covered CA plan, while the rest of us had the silver plan.  In addition, when we initially obtained Covered CA coverage, she was considered a dependent but ultimately did not qualify as a dependent when filing. 

[MaryK4]

I misunderstood who was on the 1095-As.  You will have to add both 1095-As and allocate the policy.  @Topangamama 

[Topangamama]

Thanks.  I'm unclear what to put under Your Premium Percentage, SLCSP Percentage and Your Advanced Payment of PTC percentage.  Would it be 75%, since we are a family of 4, but my older daughter is not considered a dependent?

[LeticiaF1]

Yes, allocating 75% to you is reasonable.  

@Topangamama 

[Topangamama]

Thanks.  Just to clarify, would we then put our SLCSP percentage and Advanced Payment of PTC Percentage at 75, with our non-dependent daughter's premium percentage, SLCSP and APPTC at 25%?

[MindyB]

Yes, if 75% is the percentage you choose to allocate to yourself.  

You can allocate the percentages in any way you choose, as long as everyone is in agreement. If you can't agree, the default is a proportionate percentage based on the number of people on the plan, in your case the default matches what you have proposed.