swongtax
Level 4

I have a follow up question:

"In allocating any Advance Credit received, you have the option to claim 100% of the 1095-A on your tax return, or you can allocate part of it to your son.  The allocation can be anywhere from 0% to 100%.  You both must agree to the allocation."

 

Can the allocation work like this?  The parents allocate 0% on their tax return, and the non-dependent child claims 100% on his/her tax return?

Thank you!

SW

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