When the taxpayer has a shared policy, the enrollment premiums, SLCSP premiums, and APTC reported on Form 1095-A need to be allocated between the taxpayer’s tax return and the tax return(s) of the other individual(s).

Do I have to fill out Part IV of Form 8962 if I’m single?

If both are true, you will need to complete Part IV of Form 8962 to allocate policy amounts. See here for more information. year of marriage. This is an optional calculation that may result in a smaller repayment of excess APTC than would be calculated under the general rules.

What is needed to report a shared policy allocation plan on a tax return?

Form 8962 and shared policy allocation In the case where your client does have a shared policy, the three amounts reported on Form 1095-A (enrollment premiums, SLCSP premiums, and APTC) must be allocated between their tax return and the tax return of the other individual(s) for each month they had the policy.

Do you need Form 8962 for Form 1095-A?

Under certain circumstances, the Health Insurance Marketplace will provide Form 1095-A to one taxpayer, but another taxpayer will also need the information from that form to complete Part 4 of Form 8962. The recipient of Form 1095-A should provide a copy to other taxpayers as needed.

How is shared policy allocated on Form 8962?

Form 8962 and Shared Policy Allocation In the case where your client does have a shared policy, the three amounts reported on Form1095-A (enrollment premiums, SLCSP premiums, and APTC) must be allocated between their tax return and the tax return of the other individual (s) for each month they had the policy.

Where to find shared policy allocation Form 1095-A?

The recipient of Form 1095-A should provide a copy to other taxpayers as needed. If the taxpayer furnished a copy of the issued 1095-A to another taxpayer for the purposes of shared allocation, the information regarding the allocation is entered at the bottom of the 95A screen.

How to calculate premium tax credit on Form 8962?

Line 24. Line 26. Line 29. Part V—Alternative calculation for year of marriage election. Section references are to the Internal Revenue Code unless otherwise noted. Use Form 8962 to figure the amount of your premium tax credit (PTC) and reconcile it with advance payment of the premium tax credit (APTC).