This year my wife (31) and I's (33) income is roughly $750-$8,000 as we both quit our jobs. We have enough in our savings to float income free for the next two years before tapping our investments in any way.
Our current health insurance plan is through Sidecar Health and is costing $570/mo. But our income is too low to qualify for ACA subsidies or Medicaid (NC Resident with no medicaid expansion).
My question is: Can we sell stock at the end of the year to generate up to $18,000 in income and thus qualify for the ACA subsidies? And is income only considered the profit on the stock sale, or the total value of the stock?
I know this would trigger capital gains tax between $0-$1,800 depending on short vs. long term, but that's substantially cheaper than $6,840/year in health insurance premiums.
Submitted June 26, 2021 at 09:04AM by kahlis72 https://ift.tt/3A0C7i3
