I have a question about MAGI and the ACA. If I make an 2014 IRA conversion ( regular to ROTH) and this is reported as taxable ome,
I am confused by the IRS definitions of MAGI as they seem to define it differently for varied programs.
I need to increase my income in 2014 to meet the 100% threshhold to qualify for the subsidy and thought the IRA conversion is one to do it if the income will be counted.
I have been using form 1040A. Can I report the conversion income on 1040A or will I have to go to 1040.
Thanks to all.