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Allocation of 1095-A if no PTC

LB56
Level 3

TP had a 1095-A that has his daughter (not a dependent) on it for 4 months. There is no PTC for those 4 months, so I shouldn't have to allocate anything correct?

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3 Comments 3
TaxGuyBill
Level 15

Are you saying there was no Advance payments, or are you saying there is no credit calculated on the 8962?  The 1095-A covers more than only the daughter, right?

 

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LB56
Level 3

It covers the father for 11 months Jan-April and June-Dec

It covers the daughter (who he is not claiming) from Jan-April only and there is a 0 for all those months in Column C Monthly advance payment of PTC

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TaxGuyBill
Level 15

The amounts would be allocated according to "Allocation Situation 3" in the Instructions; however, that is a bit complicated.

However, if NEITHER father or daughter will qualify for any Premium Tax Credit and had no Advance payments, you can just ignore the 1095-A.