swongtax
Level 4
06-02-2021
01:02 PM
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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