FORM 1095-A FOR DEPENDENTS

Forum|Forum|3 years ago
March 25, 2023
2 replies
14 views

Hello fellow preparers,

A parent has his 24 year old child among the 1095-A covered individuals in his tax return.

Do I have to enter the father's 1095-A information in the child's personal return?

Thank you in advance,

J.E.

ProConnect Tax

This topic has been closed for replies.

A

athaureaux6

Level 7

If the 24 year old is Not a dependent, (which I am assuming is not) :

1- check the recipient box for taxpayer or spouse , It really does not matter whichone is checked because that information is not trasmitted to the IRS.

2- Go to the allocation of policy and allocate 100 % to the policy holder (parents), (you will see that the child return does not change the refund or the amount due) or allocate any amount they both agree to. Usually, I put the 100 to the parents.

Now,

If the 24 year old is still dependent, (which I am assuming it is not) , the form goes in the parents' return.

Thank you and have a great day.

J

jelozuaAuthor

Level 2

Thank you so much for that insight.

Now, if I add 100% of the policy to the parents, would there be any IRS issue by no including it at all in the son's return? Just wondering!

T

TaxGuyBill

Level 15

Is the child a dependent?

Is there Advance credit (column C of the 1095-A)?

Are the child and parents agreeable to the best overall outcome?

Which tax return has the lower poverty percentage, the parents' return or the child's return?

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