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Deductions & credits
I'm saying that I sold off a bond ETF after making a small capital gain. But, the ENTIRE proceeds of the sale, including original principle ALL counted as 'adjustable gross income'. This greatly reduced my Covered California health care benefits. I would have been better off just keeping this money in cash the whole time. This had me wondering if a maturing CD would be treated differently. Would JUST the interest count as 'adjustable gross income' or would the entire amount of original principal ALSO count as 'adjustable gross income'?
March 3, 2024
7:55 PM