Form 8962/1095-a

Forum|Forum|4 years ago
June 27, 2022
6 replies
43 views

Here is the scenario with a client:

4 taxpayers. Father, mother and two sons filing each return. Mother has all 3 plus another child that the father claims. I need to fill out a shared form. Each should be 25% or can i allocate 50/50 to Mom and dad and nothing to the kids?

Software will only one person to share responsibility on 1095-A part 4, BUT 8962 has room to add multiple taxpayers. If you try to add all of them to 8962 you get an error.

Can anyone who uses proseries help me, its Urgent and they are VIP clients.

I will even pay for the help.

Stephen Gilbert, EA

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

the 1095A you input the % allocation youre taking on that particular return, not the other returns. You can allocate the % any way you'd like.

So on moms return, if shes taking 25%, you'd put her SSN and the 25% at the bottom of the 1095A on her return. Same for everyone else, enter the 1095A and put their SSN/% at the bottom on their returns.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxGuyBill

@Just-Lisa-Now- wrote:

So on moms return, if shes taking 25%, you'd put her SSN and the 25% at the bottom of the 1095A on her return. Same for everyone else, enter the 1095A and put their SSN/% at the bottom on their returns.

No, you put the SSN of one of the other people for the shared policy. It doesn't matter which, but for the the kids and spouse, I would enter the first/primary person on the 1095-A).