1095/8962

[TiredFarmer]

Iron Man----Just Lisa Now---and Itonewbie you are my hero's....does anyone have a suggestion on a situation where a  non dependent over 26 is a covered individual on a parents 1095A ? When parents took out the plan they thought the adult would be a dependent but the adult ended up with an adjusted gross between 8-9 thousand and can't be a dependent.  Market place said 1095A can't be changed but I am not sure how to report correctly?   I am not much on words but hope this gives enough description.

[Just-Lisa-Now-]

Youd report the 1095A on each return, the parents and the childs....then you can allocate however works out best....shared allocation is at the bottom of the 1095A.

[TiredFarmer]

I guess I maybe overthinking but if non dependent really should not have qualified for marketplace insurance what is worst case scenario of this situation?  

[Just-Lisa-Now- · Accepted solution]

You cant change whats happened...you can only move forward.   

The IRS will be expecting the Form 8962 on any return that has a SSN shown on the 1095A.

You can allocate 100% to the parents and 0% to the adult child.

[SharonAnn]

Thank you so much this saved me so much time and energy!!   You are the best!!