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Divide your SLCSP by the total of column B (SLCSP) on your parents' 1095-A. That's the percentage you'll enter in the Premium Percentage and Your SLCSP percentage fields. Example: Joey's enrolled in their parents' Marketplace plan. They didn't receive any advance payments, so column C on their 1095-A is blank or zero.
You should receive a Form 1095-A by mid-February if you purchased health insurance through Healthcare.gov or your state's health insurance marketplace. You need to enter the information from 1095-A into TurboTax, as you won't be able to file Form 8962 and accurately report thePremium Tax Credit without it. You can enter more than one 1095-A in ...
TurboTax will tell you when you enter the information from Form 1095-A: The amount of advanced premium tax credit you already received; The amount of premium tax credit you are eligible for ($0 if married filing separate) Your repayment limitation
1 Best answer. Yes you can. When you enter the 1095-A. For self employed health ins do not enter any Health Care Marketplace insurance you bought. If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section.
That is correct, you can answer No to did you receive a 1095-A. Since there is no data listed on Part C of the 1095-A, you do not need to enter the form on your return. If your parents received the Advanced Premium Tax Credit (have a number in Column C) then you would need to enter the form on your return. You are still not eligible to receive ...
TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A. You have to include Form 8962 with your tax return if: You qualified for the Premium Tax Credit in 2023. You or someone on your tax return received advance payments of the Premium Tax Credit. A member of your family received advance payments of the Premium Tax ...
The second lowest cost Silver plan (SLCSP) premium can be found in Column B of your Form 1095-A, but sometimes it may be missing or incorrect. Click this link for the Marketplace calculator tool to determine what number should go in Column B. If there are any months with a 0 in Column C, just leave A, B, and C all blank for those months.
March 18, 202412:15 PM. Delete the Form 1095-A. Then re-enter the form and do not enter any zeros for the months where you did not have Marketplace health insurance coverage. March 18, 202412:15 PM. Be sure there are no entries in any of the columns for the months not covered by the Marketplace. March 18, 202412:19 PM.
The Form 1095-A shows the months of coverage and any Advance Premium Tax Credit paid to the Marketplace health insurance company for the coverage. If you did not receive a Form 1095-A, you should contact the Marketplace from which your daughter received coverage. Because your daughter is your dependent, you should be provided with the form.
You can use this tool to get the SLCSP if it is not on your Form 1095-A: Healthcare Tool . The amount in column C can be zero if you didn't take a monthly subsidy to help pay for your health insurance premiums. If you did get a monthly subsidy to help pay for your health insurance premiums, enter the monthly amount in column C.