How would I go about entering a Form 1095-A into 2 different tax returns? Form is under parent's name, son is covered by insurance but is not a dependent in their taxes.

Forum|Forum|6 years ago
December 7, 2019
2 replies
67 views

How do I go about entering one form 1095-A into two different tax returns. The parents pay for the health insurance and the son is covered under their health care but he is not a dependent in their income taxes, should I divide the amounts and enter 1/3 of the info into the son's income taxes?

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Best answer by TaxMonkey

The parties can agree on a different split if they wish. I suggest you review the instructions to form 8962, particularly the part about Allocation situation IV:

https://www.irs.gov/instructions/i8962#idm140053807732400

T

TaxMonkeyAnswer

Level 7

The parties can agree on a different split if they wish. I suggest you review the instructions to form 8962, particularly the part about Allocation situation IV:

https://www.irs.gov/instructions/i8962#idm140053807732400

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TaxGuyBill

If the everybody is agreeable to it, it is usually best to allocate 100% to one tax return. Ideally, allocate the 100% to the tax return that has the lowest Poverty Percentage on Line 5 of the 8962.

Enter the full numbers from the 1095-A into the program. Right below that, fill out that section to enter whatever allocation percentage you will be using.

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