It appears that my IRA rollover of $25,000 (non-taxed) bumped my income over the threshold for the credit in the Health Insurance Marketplace so now I have to pay back some of my credit. Does this make sense?
Thanks,
Cindy
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Did you enter the rollover correctly? Key the 1099-R into Federal > Wages and Income > Retirement. Then answer the questions. One asks about rollovers.
Thanks. In re-looking at everything, I think my other income bumped me above the max income allowed to receive the full credit. I couldn't remember what the max income was, but I am guessing that I exceeded it without the Rollover.
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