California ACA Weirdness
So I signed up for ACA via Covered California's website yesterday.
Part of the process is giving details of your 2013 income. You report your income in categories: earned, self-employment, dividends, cap gains, etc. It all gets totaled up and shown to you, and then that total is used to determine your subsidy.
Here's the weird part: the capital gains I reported was not counted at all towards the total. It had no effect at all.
Self-employment income and dividends did affect the total.
And sure enough, the subsidy I eventually got was based on my total income minus the capital gains I reported.
I checked and rechecked to make sure my cap gains were entered into the system and recorded. They were.
Anyone know what's going on here?
And if I claim to be a wise man, it surely means that I don't know.