The taxpayers received Form 1095-A showing Monthly Advance payment of premium tax credit. There is an adult child (25 years old) on that policy and she must file her independent return.
Do I have to allocate policy amounts between the taxpayers and that child or can taxpayers/parents choose to claim 100% of the policy amounts on their return?
The best result would be if the taxpayers claim 100% of the total amounts and the child 0%. Would 100% to 0% be reasonable?
Reasonable is irrelevant.
Yes, it's allowed
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