Shared allocation on Form 8962

Forum|Forum|3 years ago
March 10, 2023
2 replies
20 views

This is my first time doing a shared allocation of the health care premium. I use Proseries tax. Client has 4 people on the 1095-A. Two of the people listed are children who are no longer dependents. On the 1095-A data entry screen, I need to enter the shared policy allocation information in the smart worksheet. There is space in the smart worksheet to enter one of the persons sharing, but not both. However, when I go over to Form 8962 there is a space for 4 policy allocations, but I can't enter data there it refers me back to the 1095-A where these is only room for one person. How can I enter two persons who share the allocation? Thank you for any help.

ProSeries Professional

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Best answer by TaxGuyBill

First, was there Advance Credit (column C of the 1095-A)? If not, the rules change.

Pick one. It doesn't matter which.

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

sjrcpa

Level 15

@TaxGuyBill

The more I know the more I don’t know.

T

TaxGuyBillAnswer

Level 15

First, was there Advance Credit (column C of the 1095-A)? If not, the rules change.

Pick one. It doesn't matter which.

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

T

tammieAuthor

Level 4

Yes, there were amounts in column C. I just can't get two people entered into the shared allocation area on the 1095-A so it will carry over to the 8962

T

TaxGuyBill

Level 15

As I said, pick one. If you read the link I gave, it shows you only need to pick one.

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