Author Topic: home sale capital gains and ACA  (Read 1574 times)


  • 5 O'Clock Shadow
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home sale capital gains and ACA
« on: August 02, 2014, 03:31:27 PM »
Searched the interwebs to no avail so I figured some brilliant soul here just might have an answer!
My family of 3 has health insurance through the California exchange. We're probably going to have $57k of AGI ( subtracting all my pretax retirement contributions). We're well below the $79k limit to qualify for a subsidy... BUT we have friends who want to buy our house for about $25k more than what we paid for it. It's our primary residence so we shouldn't have to pay capital gains tax, but will that $25k (minus a pretty small amount of closing costs) get added to our AGI thus barely disqualifying us for the subsidy??  I guess I'd rather give my friends a couple thousand than uncle Sam.  Maybe the $25k won't count toward AGI at all? Any one know about this?