Hello,
I had some life changes in loss of income and had used credit cards that ended up with a very high interest so I decided to use my IRA to and a Stock distribution to pay them off. Not realizing this put me in a higher income bracket when doing my taxes I have been confronted with having to pay insurance penalties to COV ERED CA IN ADDITION to the difference of the amount that was lowered because of my lower income. What do I do? Is there a way or a form to show how the money was used? I will file an extension which will be more fees and penalties!
Thank you for direction.
Murray
