View Single Post
      01-28-2016, 01:52 PM   #4
Maestro
Major
1040
Rep
1,268
Posts

Drives: 2007 335i Sedan, 2021 X3
Join Date: Nov 2006
Location: Philadelphia

iTrader: (0)

Quote:
Originally Posted by BMW F22 View Post
Okay great. Thank you. I quit my previous job and traveled for a few months. Wonder if I will be penalized for those months since I had no insurance. Hmm.
I believe the questions on the tax return asked if you were insured for the entire year of 2015. I am not sure what happen is you answer no to this question or if there is any way to prove you had insurance. I believe it looks at your W2 to determine if were employed during that time and if the W2 indicated you were covered by insurance.

I think you can answer yes to the question and see what happens, download turbotax and see what happens. I know the last two yrs I had to answer that question but I was employed. I too changed jobs and the new company would not cover me for 30 days but I still said yes in turbotax and it did not flag me as having any issues.
Appreciate 0