Yardley CPA Posted February 26, 2018 Report Share Posted February 26, 2018 Dependent in previous years was not a dependent this year. I completed her return as single but neglected to check the healthcare box. The return was accepted with messages, informing the website to refer to if healthcare coverage is needed. The individual was still covered for the entire year under her parent's healthcare plan. What is the ramification of this? Is a 1040x warranted in this case or just wait to be notified? Quote Link to comment Share on other sites More sharing options...
Possi Posted February 26, 2018 Report Share Posted February 26, 2018 Was a penalty puffed in to the tax return? Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 26, 2018 Report Share Posted February 26, 2018 If a person is a dependent of another, and is covered by the insurance plan of the other, marking the box is in error. First hand experience 2 weeks ago. This affects many college students. Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted February 26, 2018 Author Report Share Posted February 26, 2018 Penalty was not calculated on the return. Jack...she was a dependent in the past, this year she was not a dependent and I filed her return as single. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 26, 2018 Report Share Posted February 26, 2018 Was she still covered by her parent's insurance? If yes, leaving the box unchecked is correct. 1 2 Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted February 26, 2018 Author Report Share Posted February 26, 2018 36 minutes ago, Jack from Ohio said: Was she still covered by her parent's insurance? If yes, leaving the box unchecked is correct. Yes, she was. She was not a dependent on their return, but she was still covered under their insurance. Thanks, Jack. Quote Link to comment Share on other sites More sharing options...
Cathy Posted February 27, 2018 Report Share Posted February 27, 2018 Why is it not correct for a person who is claiming their own dependency on their return and is covered by the parents insurance wrong if the box is checked to show that she was insured the entire year?? I had a return today that I had not gotten to the line to check to show that a MFJ couple had insurance. My ATX program had already included a penalty on the return!! We saw this last year whereas ATX changed several times (back and forth) to include the credit if the box was not checked either by accident or not checking on purpose. 4 Quote Link to comment Share on other sites More sharing options...
WITAXLADY Posted February 27, 2018 Report Share Posted February 27, 2018 well I spent an hour trying to split the shared amounts so the new independent child didn't lose all her refund - at the lowest 1% she still lost whhatever amount I gave to her and it did not change the parents... Can I not give her any? she is 22 and lives at home but no school -$8800 earned Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 27, 2018 Report Share Posted February 27, 2018 Are we talking about splitting the advanced credit from the exchange? I have not seen any indication of that on the post until WITAXLADY refers to something that smells like repaying the credit. If I and my wife file a joint a return and my daughter files her own return AND my employer has covered every one, all I have to do is to check the box on each return and that's all. I agree with Cathy that checking the box for the child means "I had health insurance all year" and it only matters when I have to reconcile the advance credit. 3 Quote Link to comment Share on other sites More sharing options...
jklcpa Posted February 27, 2018 Report Share Posted February 27, 2018 Yes, WITAXLADY's question brought a different set of facts into this topic, and it really should be a separate post in the ACA forum. 2 Quote Link to comment Share on other sites More sharing options...
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