health care/rental income
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health care/rental income (by Kate [IL]) Jan 20, 2014 3:57 PM
       health care/rental income (by Pattyk [MO]) Jan 21, 2014 6:15 AM
       health care/rental income (by Kate [IL]) Jan 21, 2014 6:58 AM

health care/rental income (by Kate [IL]) Posted on: Jan 20, 2014 3:57 PM

My husband and I only have income from interest income and several rental properties. After deducting all our expenses, depreciation etc. we only show a very small net rental income each year of maybe around $10,000 (and some years a loss). When we apply for a loan, they qualify us by adding back the depreciation which then shows more real income. Anyway does any one know how to calculate the new modified adjusted gross income for the purpose of qualifying for credits for the Obama Health insurance? I called my accountant and he doesnt know? From what I have been reading it seems like we may qualify for Medicaid or credits, because we dont have to add back the depreciation. But this cant be right? Am I reading something wrong? If any one knows, any help would be appreciated.


health care/rental income (by Pattyk [MO]) Posted on: Jan 21, 2014 6:15 AM


was told the same thing!

yes, here is the answer,,,

it's the number that is on line38 of you federal income tax IRS forms, Line 37(adjusted gross income)

that is the number you want to enter to find out what your health insurance cost.

Call Cindy 636 253 6438 she will do it all for you!!! Does ILL and MO... hook me up with a dental plan and walked me thur all the healthcare plans/benefits so i could pick the best benefits for the money.

health care/rental income (by Kate [IL]) Posted on: Jan 21, 2014 6:58 AM

thanks Pattyk, I will call her. --107.197.xx.xx

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