Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    1095A

    Carolyn Slaw
    Level 2

    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

    0 Cheers
    3 Comments 3
    TaxGuyBill
    Level 15

    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 2

    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.

     

     

    0 Cheers
    TaxGuyBill
    Level 15

    @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.