PTC 100% on parent

[ILLMAS]

I have a client and their return was rejected because they received PTC for 2021, after speaking to them, I was told their parent claimed 100% and I cannot find an example on how to go about it on the tax payer tax return.  I took a look at the IRS instructions and I cannot seem to find a solution, can someone assist me on reporting it (I get an error if I put all zeros).

Thanks 

[KATHERINE]

Hi Illmas, I dont have this type case, but I remember when you input 1095A, there is a box said is there another person on it.? So, there parents should mark yet, and then your client report his share?   I dont know whether it is consider a way to resolve it?  Thank you!

[Tax Prep by Deb]

On policy allocation put his or her at 0 percent.

[ILLMAS]

36 minutes ago, Tax Prep by Deb said:

On policy allocation put his or her at 0 percent.

Thanks, but I would still need to enter the monthly amounts correct?

 

 

[Gail in Virginia]

I think that unless the child was claimed as a dependent on the parents' return, you do have to enter the 1095A as received, and then indicate that the % allocated to this return is 0.  I think -- I have not had one of these that wasn't a dependent for several years now. 

[Tax Prep by Deb]

On 6/2/2022 at 10:50 AM, ILLMAS said:

Thanks, but I would still need to enter the monthly amounts correct?

 

 

Yes.  Enter all the info and the allocation worksheet.