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Level 7
February 15, 2023
Question

FORM 1095A

  • February 15, 2023
  • 1 reply
  • 11 views

Good evening online community, 

This is a taxpayer, 23 years old, full time student, who made around 14ooo a year. The problem is that the 23 year old has his own 1095A under his name. He was claimed as a dependent. How do you report the allocation of the 1095A amounts. It looks like the 1095A has to be reported in the parents return because he was dependent of the parents. At least that is what the software suggests. I know cases where the person is not dependent but it is under their parent's policy but this is something different, the person is a dependent but has his own 1095A. It looks like dependents can not allocate any policy. Could somebody explain a little bit? it will be appreciated. 

Thank you everybody. 

 

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1 reply

taxshack
Level 6
February 17, 2023

You are correct.  The dependent is part of the parents household and the 1095 goes on their return not his.

Preparing taxes is not my life, but my life is amazing because I prepare taxes.
Level 7
February 17, 2023

Thank you for your response. Have a great day. 

taxshack
Level 6
February 17, 2023

You too.  Have a great season.

Preparing taxes is not my life, but my life is amazing because I prepare taxes.