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What if I have a 1095-A and a 1095-B?
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What if I have a 1095-A and a 1095-B?
You'll need to enter the 1095-A, but not the 1095-B. Make sure you answer the very first question in the Healthcare section, telling TurboTax that you had coverage for the entire year. Then you'll be asked, Were you enrolled in any of these less common plans in 2016 and you'll check "yes" (since your 1095-A applies to one of those plans).
On the next screen you'll need to check Obamacare Plan (1095-A), then just continue and follow the prompts to enter your 1095-A information.
You won't have to enter the 1095-B, but keep it for your records.
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What if I have a 1095-A and a 1095-B?
You'll need to enter the 1095-A, but not the 1095-B. Make sure you answer the very first question in the Healthcare section, telling TurboTax that you had coverage for the entire year. Then you'll be asked, Were you enrolled in any of these less common plans in 2016 and you'll check "yes" (since your 1095-A applies to one of those plans).
On the next screen you'll need to check Obamacare Plan (1095-A), then just continue and follow the prompts to enter your 1095-A information.
You won't have to enter the 1095-B, but keep it for your records.
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What if I have a 1095-A and a 1095-B?
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What if I have a 1095-A and a 1095-B?
The second thing is a little more complicated. If you received any amount of subsidy (an advance on the Premium Tax Credit) to help pay your premiums (shown on the 1095-A), then those subsidies were based on your estimated income. Now that the tax year is over and you know your actual income, the amount of PTC that you were actually eligible for is being calculated and compared to the amount you received based on your estimated income. If you estimated too low, then you have to pay some/all of that subsidy back; if you estimated to high, then you'll receive credit for an additional amount on your tax return.
That's probably what's happening in your case. You're not being penalized; you're having to pay back some of that subsidy because your income wound up being higher than your estimate.
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What if I have a 1095-A and a 1095-B?
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What if I have a 1095-A and a 1095-B?
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What if I have a 1095-A and a 1095-B?
I tried going around that by saying I was covered part of the year to see if it would give me the option to identify that I have both types of form and it doesn't.
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What if I have a 1095-A and a 1095-B?
The health insurance through healthcare.gov was during the time I was not working. In June I got a job with health benefits so I have both 1095A and B, but when I fill in necessary information, I’m having to payback on the credit. Do they not account for the fact that during that time I was not making any money? I received the credit during months that was necessary.
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