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Level 2
posted Apr 13, 2025 10:16:15 AM

Sold retirement assets to use towards down payment of home. How can i reduce income reflecting this amount?

This is affecting ACA premium credit

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1 Replies
Expert Alumni
Apr 13, 2025 10:54:52 AM

Your retirement distribution is taxable as retirement income and will count as income for determining the health insurance Advance Premium Tax credit. There is no way to change this.

 

Please read this Healthcare.gov document for more information.