Hi Everyone!
I submitted a tax return with turbo tax for the first time this year, usually my dad does my taxes but this time I wanted to do them myself. I think I might have messed up on something and I am worried I won't get my federal tax return, I already got my state one.
When I was filling my turbotax form out online, I encountered the health insurance page where I put I didn't have health insurance (when I did) it was really dumb of me because I just wanted to get the process over with and I didn't have the 1040A form at the time, again really stupid of me. Anyways I proceed to finish and submit. Everything was great until I got a letter in the mail from the IRS asking for a copy of my 1040A and 8962. I go and get everything, both forms I have on hand right now I can mail it in right now!
The problem is that I am on a shared policy plan with my parents and brother and turbo tax needed my SLCSP. Basically asking me the allocation percentage for the tax credit for everyone on the policy. I read more about it and found out it can be from 0 to 100% and again I wanted to get it over with, I put 0. Turbo tax then said "Congrats your tax information for health insurance matches our previous records" (it was something along those lines) and it generated my 8962.
TLDR; Got a letter from IRS for 2 documents. Submitted taxes without the documents and already got state return. I get the forms and now Turbo tax basically said that what I entered before in terms of tax credit for health insurance (without the 1040A form) matches what I entered now (with the 1040A form). I am assuming everything is good and I can submit the forms to the IRS. I wanna know if what I did was right with putting 0 as my allocation percentage. Please advise!
Submitted March 11, 2017 at 04:21PM by hozzymozzy http://ift.tt/2lOxNQF
