Question

Allocation of policy amounts for shared policy on form 8962

Forum|Forum|5 years ago
September 22, 2020
2 replies
0 views

more info. Thanks

A

Anonymous

your question is not clear. what is your situation that you need to know about shared policy allocations?

if you want to read for yourself here's a link to 8962 instructions.

https://www.irs.gov/pub/irs-pdf/i8962.pdf

T

Treas05

My husband retired in May and joined my policy - I need to know how to allocate Monthly Premiums, SLCSP amounts, and Advance payment of premium tax credit amounts. Can you help?

T

Treas05

Hello, is any one there?

P

PattiF

When more than one taxpayer is on a marketplace policy, the 1095-A must be divided for each person. Since the policy was shared with your husband on your joint return, you will be able to divide the percentages for the months that he was on the policy any way that you wish.

You would allocate any percentage, even 0% & 100%, as long as the total percentage allocated between all policyholders is not greater than 100%. Starting in May, the Monthly Premiums, SLCSP amounts, and Advance payments could be evenly split at 50% and 50%.

@Treas05

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