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where can i find the premium percentage? it was a shared policy

 
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1 Reply
Vanessa A
Employee Tax Expert

where can i find the premium percentage? it was a shared policy

You do find it, you can either agree on it or split it 50/50 or based on the number of people on the policy versus the number of people on the policy on your return.

 

Who is the other person?

Depending on your situation, you may be able to agree to claim any amount from 0% to 100% as long as the total equals 100%. According to Form 8962 instructions, this applies to Situation 1 taxpayers who are divorced or legally separated and Situation 4 who believed they would be part of the tax family when coverage was applied for.  This would apply to individuals such as dependents who are no longer dependents, but when the policy was issued the parents did tell the Marketplace that they would be claimed as dependents so they received the premium tax credit on their behalf.  

 

If you are married filing a separate return from your spouse that you live with, then you would need to allocate 50% to each spouse. 

 

If you did not share this policy with someone not on your tax return, then you will need to uncheck the box that says "Shared policy with another taxpayer"

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