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How to enter shared policy allocation for form 8962
My client's form 1095-A lists his spouse and son as covered individuals; the son is not a dependent. What information do I need to complete the shared policy allocation?
TaxGuyBillAnswer
April 7, 2020
You need to find out if both the client AND the son are agreeable to allocating 100% to one tax return.
If they are, the best outcome is to allocate 100% to the tax return with the lowest poverty percentage (in most cases that is the child).
