Net investment income may be either positive or negative depending on whether the asset was sold for a capital gain or loss. What Counts as NII? The following table shows what counts and what doesn't count as net investment income.3
Yes, capital gains are included in MAGI income (the type of income the ACA counts). https://obamacarefacts.com/modified-adjusted-gross-income-magi/ Reply James September 25, 2020 at 11:34 pm After reviewing affordable health care act coverage and rates. This is not affordable for poverty...
too. Siblings, step-siblings and half-siblings are fine, and the sons or daughters of any of these individuals will qualify as well. In other words, your grandchild, niece or nephew counts.
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If you provide more than half of someone's support, you may be able to claim them as a dependent when you file your taxes, which can reduce the amount you owe. But the IRS has strict rules for who counts as a dependent. In this article, we'll explain this and more. Image source:...