Note: Beginning with tax year 2019 (filing in 2020), the Shared Responsibility Payment no longer applies and Form 8965 is unavailable. The information below is for tax years prior to 2019.
It's not uncommon in a tax return for one or more individuals to not have minimum essential healthcare coverage, and when this occurs the taxpayer must complete Form 8965 to indicate the coverage status for every member of the household and whether or not they had a coverage exemption, and to calculate the shared responsibility penalty.
To indicate each family member's health coverage status on Form 8965 in TaxSlayer Pro, from the Main Menu of the tax return, (Form 1040):
- Other Taxes Menu
- Health Coverage Exemptions/Responsibility Payment (8965)
- Shared Responsibility Payment
- Edit Shared Responsibility Payment Individuals - Double-click the individual.
- Months With No Coverage or No Exemption - Click the check box for each month the individual had no coverage and no exemption. Select Check all to select all months.
Repeat this process for each individual in the return.
Note: This is a guide on indicating an individual's healthcare coverage or exemption status on Form 8965 in the TaxSlayer Pro program. This is not intended as tax advice.
Additional Information:
