Under this scenario can you use any allocation on form 8962

[eddiett]

Signed up for marketplace healthcare for my wife, under 26 year old son and myself.  I am filing a joint return with my wife and my son is filing a separate return.  I did receive the advance payment of premium tax credit.  

Its my understanding that as long as my son and I (two tax families) agree on the allocation we can use anything as long as it adds up to 100% between the two of us.  Also whatever % we agree to we should use on form 8962 for all columns A, B, and C. 

So assuming above is correct, my question is if that is the only rule "that we have to agree on allocation between us and that between us (both tax returns) that allocation has to add up to 100%.  

Thanks so much for the help...

[TomK2023]

Yes, that is correct.  You both must also indicate that you are sharing a policy.

If you're on your parents' Form 1095-A, but aren't filing as their dependent, select your situation for instructions.

I'm on parents' health plan, but not on their tax return, and I got my own 1095-A

I'm on my parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are am...

Please see this TurboTax FAQ for various scenarios when sharing Marketplace Insurance: I'm on my parents' 1095-A form. What do I do on my return?