8962 from H3ll

Technical topics regarding tax preparation.
#1
gusser  
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291
Joined:
7-Nov-2019 5:18pm
Location:
CT
I have a APTC repayment of almost 20k on a joint return. When I split the returns I allocated 50% to TP & 50% to SP which I believe is required based on the instructions to part IV of the 8962.

The TP will claim the child. We have 3 1095-As. TP/SP on all 3 and dependent daughter for the last 5 months of the year. Do I still have to allocate 50/50 between spouses when filing MFS? Can I somehow allocate a portion to the daughter? If not, do I have to list the daughter in the allocation section as -0-? If so, I can't get ProFx to allocate 50% to spouse and -0- to kid.

If I file MFJ, can I allocate 100% of the 5 month 1095-A (the one that includes the child) to the dependent child? If so, that may help to stay MFJ. Thanks for any feedback!
 

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