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1095A
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Carolyn Slaw
Level 1
03-28-2024
03:42 PM
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Parents have a 1095A that includes their child that is not a dependent on their return.
How do I report it on the parents return and the childs return
3 Comments 3
TaxGuyBill
Level 15
03-28-2024
04:36 PM
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Was Advance credit paid (column C of the 1095-A)?
Are both "covered" on the 1095-A?
Are they agreeable to allocating to the best overall result?
I suspect you want to look at "Allocation Situation 4" in the Instructions for 8962.
Carolyn Slaw
Level 1
03-28-2024
09:07 PM
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Yes, they will do want is best for both.
I was going to allocate 100% to child and 0% to parent.
I think we can allocate column c any way we want.
TaxGuyBill
Level 15
03-29-2024
09:03 AM
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@Carolyn Slaw wrote:
Yes, they will do want is best for both.
I was going to allocate 100% to child and 0% to parent.
I think we can allocate column c any way we want.
You can only choose the allocation if all three of my questions are "yes". Assuming that is the case ...
In most cases it has the best result to allocate 100% to the child.
All three columns must be allocated the same way.
