470pitt
Level 3
‎05-10-2024 09:09 AM

I am confused as to how to input the 1095A on the child who is not the parents dependent

do I allocate 1/3 to each 

Thank you

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TaxGuyBill
Level 15
‎05-10-2024 10:38 AM

Just to confirm, the parents are not ABLE to claim the child as a dependent, right?

Was Advance credit paid (column C of the 1095-A)?

Have the parents filed yet?  Are you preparing both returns?

Are the parents and child agreeable to do things for the best overall result?

 

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Terry53029
Level 15
Level 15
‎05-11-2024 08:35 AM

Its been my experience that most families where the parents pay the premium the nondependent son/daughter is allocated zero, although as Bill pointed out it can be allocated for the best (less tax overall for family) tax outcome

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