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03-13-2018 09:27 PM
I am in the process of filing my return and I know I qualify for the Short Gap Coverage exemption. When I file my federal taxes I still have to put in that I was not covered for 1 month correct? Will the penalty fee be given back to me in my tax return once I file the 8965 form?
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03-14-2018 11:44 PM
When you fill out the interview for the health insurance section, you should be able to indicate that you qualify for the short-gap exemption. No penalty will be added to your return for the month you qualified for that exemption. If you had coverage the other months, you'll be all set.
04-15-2018 12:44 PM
Hi, I went through the interview process and I didn't see the option for the gap coverage exemption. Can you please provide details on where I can access it? Thank you.
04-15-2018 07:12 PM
I just realized that with the desktop software, at least, the program automatically calculates and applies the short gap coverage exemption if you're eligible. You'll need to make sure to correctly indicate which months you were covered (after telling the program you weren't covered all year) in order to have it do this correctly.
To check, look for Form 8965 with your return. It'll be code B for the month you weren't covered. You can also check your 1040 to see if you're being charged a Health Care individual responsibility amount on Form 1040, Line 61.