Ace the Registered Tax Return Preparer RTRP Exam 2025 – Tax Pro Awesomeness Awaits!

Form 1095-A is specifically designed to report health insurance coverage for individuals who receive coverage through the Health Insurance Marketplace. This form provides essential information about the coverage months, the premium amounts, and any premium tax credits that the individual may be eligible for. The details included on Form 1095-A are necessary for individuals when they fill out their federal income tax returns, particularly when determining their eligibility for premium tax credits or when reconciling advance payments of the premium tax credit that may have been received throughout the year.

Other forms listed serve different purposes. For instance, Form 1040 is the individual income tax return, Form W-2 reports an employee's annual wages and the taxes withheld from their paycheck, and Form 1099 is generally used to report various types of income not covered by a W-2, such as self-employment income or interest. These forms do not specifically address health insurance coverage, highlighting why Form 1095-A is the correct choice for reporting health insurance details.