Question

How much should I allocate for my SLCSP, premium percentage and advanced payment percentage?

Forum|Forum|4 years ago
April 19, 2022
1 reply
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I paid the full premium for my daughter and myself. I cannot claim my daughter on my taxes and she files her own return. She and I are the only people on the policy. Should I claim 100% premium percentage, 50% SLCSP and 100% Advanced Payment of PTC percentage? And should she claim 0 premium, 50% SLCSP and 0 Advanced Payment of PTC?

TurboTax Deluxe Online

DawnC

Employee

You can ''share the policy'' with your daughter any way you like as long as the 1095-A is entered on both returns and the total, between your two returns, is 100%. You can try different ways and use the method that is most beneficial to you and her.

What is best is going to depend on your individual situation(s). You must allocate all three amounts using the same agreed percentage. See this FAQ - the 2nd example.

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