ACA, MAGI and Roth conversions

You can recharacterize and file an ammended 1040.

The only implication is that you will need to pay the full boat premium in 2014 and will get your subsidy as part of your 2014 tax refund in early 2015. Just a timing difference but you'll need to plan for the cash flow. Will be ~$1,200 a month in my case - yikes!

Ok, Thanks.
 
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