How do you allocate 1095-A to 3 tax returns

Forum|Forum|3 years ago
April 21, 2023
1 reply
7 views

Taxpayer has 2 sons under age 26 who are not dependents who are on his Healthcare marketplace 1095-A. Taxpayer should receive 40% and each son 30%. How do I allocate to both sons? It seems to only let you allocate on Form 1095-A to one other taxpayer. Form directions say you can allocate to up to 4 different taxpayers. How do I do this in Pro series?

Thank you.

Individual

This topic has been closed for replies.

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TaxGuyBill

Level 15

If all months are the same, you only use one spot.

You enter the allocation percentage that your client is receiving, not what the other non-dependents are receiving.

For the SSN, you can pick either one of the kids SSN. It doesn't matter which.

https://www.irs.gov/publications/p974#en_US_2021_publink100023503

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tiedyedebAuthor

Level 2

Thank you for your help. The son that I list won't get a notice, with the IRS thinking he should have 60% on his tax return? That was what was throwing me.

T

TaxGuyBill

Level 15

He shouldn't receive any IRS notices.

But with as crazy as some of these IRS notices have been lately, who knows. But in the unlikely event he does receive one, just respond with the facts.

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