New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

What are Forms 1095-A, 1095-B, and 1095-C?

Answer

Form 1095-A is the reporting document for health insurance purchased through the Health Insurance Marketplace. Each person who, at the time of enrollment, expected to file a tax return and enrolled in a qualified health plan through the Health Insurance Marketplace will receive Form 1095-A or a similar statement for each policy. In the tax application, use Screen 1095A in the Health Care folder to enter information from Form 1095-A or a similar statement. The tax application automatically calculates Form 8962, Premium Tax Credit (PTC). Use Screen PTC to enter any additional information that may be required for Form 8962.

Forms 1095-B and 1095-C are no longer required and no additional data entry is necessary.

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