1095-A for Child on Parents 1095A That is Not Claimed as Dependent, But Could Be
I am a 22 year old full time college student. I earned enough money in my summer internship to require filling a tax return. I would qualify as a dependent on my parent's 2023 tax return since my earned income did not provide more than half of my support; however they are NOT claiming me so i can maximize the education credits that i receive on my return. I am included on my parent's ACA insurance policy and am listed on their 1095-A. There is no data listed in Part III, Columns B and C of the 1095-A since my parents did not receive an APTC. When my parents entered the 1095-A in their TT interview, they indicated policy is shared with another taxpayer who is not on their taxes (me). They input my SSN on Line 30, box b of Form 8962 and allocated 81% of the premiums to themselves and 19% to me.
On my TT interview, i indicated that "Another Taxpayer Can Claim Me on Their Return" but "Another Taxpayer will NOT claim me". I did not receive a 1095-A for my ACA insurance since i am included on my parent's policy. How do i answer the question on whether I received a 1095-A? If i answer "No", TT issues a warning that says if i am covered by a ACA policy, the IRS will reject my return if i do not enter my 1095-A. If I answer "yes" and indicate that i shared this policy with a taxpayer who is not on my taxes and enter my father's SSN as the person who i shared the policy with, TT generates an error which states that the 1095-A must be reported on the return who can claim the dependent exemption.
How should i handle this?
