Answered: How to enter shared policy allocation for form 8962

MUBcpa · ‎04-07-2020

My client's form 1095-A lists his spouse and son as covered individuals; the son is not a dependent. What information do I need to complete the shared policy allocation?

TaxGuyBill · ‎04-07-2020

You need to find out if both the client AND the son are agreeable to allocating 100% to one tax return.

If they are, the best outcome is to allocate 100% to the tax return with the lowest poverty percentage (in most cases that is the child).

View solution in original post

TaxGuyBill · ‎04-07-2020

You need to find out if both the client AND the son are agreeable to allocating 100% to one tax return.

If they are, the best outcome is to allocate 100% to the tax return with the lowest poverty percentage (in most cases that is the child).

MUBcpa · ‎04-09-2020

Thank you for the prompt response - it was very helpful!

How to enter shared policy allocation for form 8962

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