I am over 60. I made a like kind distribution from my IRA (real estate investment that I transferred to my name). How will this affect my tax liability? Will it affect my ACA insurance premium?

Deby1 · ‎January 26, 2022

MinhT1 · ‎January 26, 2022

The value of the distributed real estate will be taxed as an IRA distribution and your tax liability will increase.

This distribution will also count as income in determining your advance premium credit and you may have to repay all or part of your advance premium.

Please read this Healcare.gov document for more information.

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View solution in original post

MinhT1 · ‎January 26, 2022

The value of the distributed real estate will be taxed as an IRA distribution and your tax liability will increase.

This distribution will also count as income in determining your advance premium credit and you may have to repay all or part of your advance premium.

Please read this Healcare.gov document for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I am over 60. I made a like kind distribution from my IRA (real estate investment that I transferred to my name). How will this affect my tax liability? Will it affect my ACA insurance premium?