Jbanks01
Level 1
08-05-2024
02:17 PM
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I have a husband and wife who files mfj, they are claiming the wife's brother who lives with them. The return was rejected becaused the brother received a 1095A. How should the couple allocate his 1095A on their return? Will they be responsible for the taxes as their income is six figures or should they take him off?
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Level 15
08-05-2024
02:38 PM
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It goes on their return, if hes a dependent there is no allocation, and if their income is that high, they may have to pay back any APTC.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
08-05-2024
04:18 PM
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Who was expecting to claim the dependency when he applied for the insurance?
- If it was your client, there isn't any way around having your client put the 1095-A on their return. They might as well claim the brother and at least get the dependent credit.
- If it was the brother, it is an option for your client to not claim the brother as a dependent. The brother would add the 1095-A to his own tax return (but check the box saying he CAN be claimed as a dependent). I haven't checked in a while, but I don't think ProSeries will let you do it. If that is the case, you may need to do massive overrides or manually prepare and file his tax return.