Re: [vpFREE] Re: Bob Dancer's LVA - 20 JAN 2015

 

>Can you not avoid the Medicare increase problem by filing as a professional?

It is my understanding that the Medicare premium increase depends only on the value of your MAGI (Modified Adjusted Gross Income), which is a slight modification to the last line on page 1 of your Form 1040.

I do not know how filing as a professional affects what ends up on your Form 1040. I am guessing it depends on how Schedule C treats your gambling income.

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Posted by: bornloser1537@yahoo.com
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