Who should enter 1095 A?

Forum|Forum|6 years ago
March 16, 2020
1 reply
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My mom is claiming me as a dependant on her 2019 tax return. We received 1095 A with all our family members on it. My mom will be entering the 1095 A on her tax return but my question was do I have to add that 1095 on my taxes too? Will it help my taxes? Thank You

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Best answer by VictoriaD75

Yes. You will need to allocate a percentage of the 1095-A on your separate returns. You can allocate any percentage agreed to, as long as it is not greater than 100%. You can even allocate 0% & 100%.

If you purchased insurance through the marketplace and received a 1095-A, that must still be reported on your return.This will calculate the Net Premium Tax Credit on Form 8962. This form reconciles the amount of the credit available to you with the amount already received as an Advance Premium Tax Credit. The result could be additional credit owed to you, or you may have to repay any amount already received in advance. Because of either of these results, it is important for taxpayers to include the information from Form 1095-A on their return.

Follow these steps & indicate that the policy is shared with someone who is not on the return:

Click on Deductions & Credits under Federal
Under the menu for Medical, click Start/Revisit next to Affordable Care Act (Form 1095-A)
Answer Yes indicating that you have the form to enter
Complete the information on the next screen to match your form and click continue

VictoriaD75Answer

Level 12

Yes. You will need to allocate a percentage of the 1095-A on your separate returns. You can allocate any percentage agreed to, as long as it is not greater than 100%. You can even allocate 0% & 100%.

Follow these steps & indicate that the policy is shared with someone who is not on the return:

Click on Deductions & Credits under Federal
Under the menu for Medical, click Start/Revisit next to Affordable Care Act (Form 1095-A)
Answer Yes indicating that you have the form to enter
Complete the information on the next screen to match your form and click continue