Steelart99
Recycles dryer sheets
- Joined
- Apr 24, 2012
- Messages
- 184
Okay ... I'm confused.
2017 will be my first year of ER and I'm trying to plan my income sources. I will likely be in the 10% tax bracket and plan to take advantage of the ACA which is based on MAGI. So obviously I want to minimize MAGI to maximize the ACA subsidies.
I know I have to report investment / stock sales on my tax forms... but are the gains (or total sale value) still considered part of my MAGI?
Since I'm in a tax bracket where LTCG's are not taxed, I had just assumed that any investments (not 401K or IRA) that I sell do not affect my MAGI.
I've never sold stocks/bonds before.
How's this really work
2017 will be my first year of ER and I'm trying to plan my income sources. I will likely be in the 10% tax bracket and plan to take advantage of the ACA which is based on MAGI. So obviously I want to minimize MAGI to maximize the ACA subsidies.
I know I have to report investment / stock sales on my tax forms... but are the gains (or total sale value) still considered part of my MAGI?
Since I'm in a tax bracket where LTCG's are not taxed, I had just assumed that any investments (not 401K or IRA) that I sell do not affect my MAGI.
I've never sold stocks/bonds before.
How's this really work