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vhmal5pro
New Member

Where can i enter the percentages of a health marketplace policy that is shared among 3 persons?

I had 2 policies listed under my name:
- one covering 3 persons (me and my 2 independent children) before my medicare enrollment,
- one covering my 2 sons after my medicare enrollment
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1 Reply
JamesG1
Expert Alumni

Where can i enter the percentages of a health marketplace policy that is shared among 3 persons?

Follow these steps to report marketplace insurance shared between multiple taxpayers:

 

  • To the left of the screen, click on Federal.
  • To the left of the screen, click on Deductions & credits.
  • To the right of Medical, click the down arrow.
  • Click Start or Revisit to the right of Affordable Care Act (Form 1095-A).
  • At the screen Let us know if these situations apply to you, select i shared this policy with another taxpayer who is not on my taxes.

You are not required to list each individual with whom you share the policy.

 

As long as you include one other person and all the percentages equal to 100% you don't need to list everyone. 

 

The IRS requires that your percentages are agreed upon by all and that the percentages add up to 100%.

 

You may claim 100% on your tax return as long as it is agreed upon.

 

The parent tax return should reference one child and the tax returns for the children should both reference the parent on their 1095-A entries.

 

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