Just-Lisa-Now-
Level 15
Level 15

So I know its talked about often, but Ive never had a situation where it needed to be done.

Parents have adult daughter on marketplace plan.   They got APTC.   Their income is high enough that they need to pay back a large chunk of that APTC.

Adult daughter has 25k in income.   If I allocate 100% to the daughter, and 0% to the parents, they avoid the pay back and the daughter picks up the additional PTC on her return?

This sounds too good to be true, but that sure seems like how Im reading it on page 18  Allocation example 4, of the 8962 instructions

@TaxGuyBill   I sent you a FB message about this, I cant seem to be able to tag your name in a message in this group, maybe youve got messages turned off both places?


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