2645614
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
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dc-fleming62
New Member
montgoab
New Member
razarimoxey14
New Member
KHOUSTON369
New Member
lenahanpatrick
New Member