1095-A for adult child who got a job in the last part of the year

Forum|Forum|1 year ago
February 20, 2025
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I am disabled, and my adult child lives with me. For most of the year, she was unemployed and I had a marketplace plan for her. But she got a job and was covered by health insurance through the job for the last three months of the year. She made enough in those months that I can't list her as a dependent on my taxes. How do I allocate the 1095-A between our two returns?

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Best answer by Vanessa A

If you are not claiming her as a dependent on your return and she is filing as a non-dependent, you will both need to enter the 1095-A on each of your returns. After the form is entered you will be asked if this was a shared policy, if it was you will click yes. Then you will be able to allocate an amount to you and your daughter. You can claim 100% or 0%, she can do the same as long as it adds up to 100%. Many times parents paid the premiums and will allocate the full amount to themselves, while the kids just enter the form and allocate 0%. If you choose to, you can also split it 50/50 or anyway that you want as long as the amounts add up to 100%.

Vanessa AAnswer

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nonr

I am in the same situation. When I tell TurboTax about my adult child, I am asked for their SSN, dates of coverage, and I can select 100% for all amounts.

BUT - nowhere am I asked to include my child's MAGI. This has an effect on the overall subsidies, surely.
If she were a dependent, I would be asked for her MAGI, and it would be added to the total income to calculate subsidies.

I am puzzled about how to account for my child's income in this part of my return.

BrittanyS

If you are not claiming the adult child as a dependent, you will need to mark that you are sharing the policy. Since the amount will be allocated, and split between the two of you depending on the percentage you enter on your return per individual, you will not be asked about the other individuals income. Your adult child's income will be listed on their return with the 1095-A and their percentage of the allocation of the 1095-A. I have attached Vanessa A's comment from above for more clarification:

"If you are not claiming her as a dependent on your return and she is filing as a non-dependent, you will both need to enter the 1095-A on each of your returns. After the form is entered you will be asked if this was a shared policy, if it was you will click yes. Then you will be able to allocate an amount to you and your daughter. You can claim 100% or 0%, she can do the same as long as it adds up to 100%. Many times parents paid the premiums and will allocate the full amount to themselves, while the kids just enter the form and allocate 0%. If you choose to, you can also split it 50/50 or anyway that you want as long as the amounts add up to 100%. "

@nonr

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