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Business, 21.02.2020 22:45 morrowdrew

Interview Notes • Sandra Clark is 45 years old. • Sandra works as a clerk and earned $27,500 in 2019. • Sandra's daughter, Debbie, is 26 years old and she is not disabled. • Debbie lived with Sandra as a member of her household for all of 2019. • Debbie works as a receptionist and earned $18,250 in 2019. • Sandra purchased health insurance coverage for herself and Debbie on the same policy from the Marketplace for all of 2019. • Sandra received Form 1095-A from the Marketplace showing that she and Debbie are both covered individuals for all of 2019. 8. Can Sandra claim Debbie as a qualifying relative on her 2019 return? a. Yes, because Debbie lived with Sandra as a member of her household for all of 2019. b. No, because Debbie had gross income of more than $4,200 during the tax year. 9. Which of the following statements is true regarding the Form 1095-A? A. Both Sandra and Debbie can claim the entire amount of the premium tax credit since both of their names are shown on Form 1095-A as covered individuals. B. Sandra should reconcile the entire premium tax credit information from her Form 1095-A on her tax return. C. Debbie should reconcile the entire premium tax credit information from Sandra's Form 1095-A on her tax return. D. Sandra and Debbie have a shared policy. Information on the Form 1095-A must be allocated between their two tax returns. Both of their returns are out of scope.

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Interview Notes • Sandra Clark is 45 years old. • Sandra works as a clerk and earned $27,500 in 2019...

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