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1095A
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Revere
Level 3
02-21-2022
01:54 PM
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Good afternoon,
My client has 4 individuals covered on his 1095A, including himself, he's not claiming them as dependents on his tax, 8962 for says Family size 1. He's not reporting any shared policy allocation (100% to himself), I am confused, when filled out tax form, he's getting all most all of his premium credit back, is that possible?
Please help with answers.
Thank you
2 Comments 2
taxshack
Level 5
03-01-2022
07:06 PM
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You still have to follow the protocol for individuals on the same policy who are in different tax families. You'll need to fill out the allocation section. I recommend reading through the instructions for Form 8962. https://www.irs.gov/pub/irs-pdf/i8962.pdf
Preparing taxes is not my life, but my life is amazing because I prepare taxes.
Revere
Level 3
03-19-2022
02:06 PM
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Thank you
