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for 1040 ACA Wk1 Part year coverage

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    for 1040 ACA Wk1 Part year coverage

    If a client had insurance he purchase on his own from an insurance Co for 6 month and no insurance 6 month How do you enter that situation on form 1040 ACA? I know you would check 6 months of not having any insurance but I do not see any exemption when you purchase your own. I am sure the IRS would want to know why there are 6 months not accounted for. TW Flowchart for Part Year insurance just says to report only the months not covered. I posted this on Tax Wise message board also.
    Any help would be appreciated.

    #2
    You are doing it correctly. You only show the months NOT covered on the worksheet to do the calculation. Then enter the bottom line result on Line 61, Form 1040. Do not check "full coverage" on that line.
    Last edited by Burke; 01-08-2015, 04:30 PM.

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