Marketplace Insurance

[Spanky]

Have a single parent client with the marketplace showing as recipient in box 4.

His daughter that graduated college was the only on listed as coverage individual.  She was only covered for the first 9 months when the coverage terminated. In as much as her social is on the policy, it is considered a shared policy and she needs to enter the information on her return as well.

Question is, do I enter 100% for Premium, SLCSP and Advance Payment of the PTC Percentage on his return?

However, when completing the daughter's return, upon entering the 1095-A info on her return, her name now appears as the recipient.  Should the shared policy information and percentages be left blank?  thank you

[Just-Lisa-Now-]

It doesnt matter that the daughters return shows her as the recipient on her return, if you look at the 8962, none of that info at the top of the 1095A is included.

You can allocate in whatever percentage makes the best outcome.  Be sure if youre going to allocate 0% to one of them, that you go to the Fed Info worksheet and check whether they can be claimed as a dependent or not.  When you allocate 0%, it doesnt prompt you to complete that checkbox but without that box checked, no 8962 will get included, and the return will reject.

[TaxGuyBill]

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@Spanky wrote:

His daughter that graduated college was the only on listed as coverage individual. 

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She is NOT a dependent, right?

If she was the ONLY "covered" person, there is no allocation.  Just enter it on her tax return with no allocation.  It does not matter who shows up as the "recipient" in the program.

If she is a dependent, or if there is more than one "covered" person, the answer changes.

[Spanky]

Thank you Just-Lisa-Now.

She isn't a dependent, and I did check off the no box.  

So far the return hasn't been rejected.   Thank you! 

[Spanky]

Hi TaxGuyBill.  Thank you for your response.

Yes, she was the only one listed.  I did exactly that, entered it on the return with no allocation.  Thank you for confirming.