I had someone pose this question to me, what say ye wise forum members?
Your assumptions about Brian are correct. No earned income and only reportable income as you stipulated. His health care status may have a tax impact on us and we need to clarify that with you. He is now enrolled in Obamacare as of March 1. Since he is our dependent we may be held liable for his not having Federally mandated health care coverage last year. Our understanding was that we could pay cash out of pocket for any health needs he might incur, and any penalties (1% of annual income) for not being enrolled in Obam
Your assumptions about Brian are correct. No earned income and only reportable income as you stipulated. His health care status may have a tax impact on us and we need to clarify that with you. He is now enrolled in Obamacare as of March 1. Since he is our dependent we may be held liable for his not having Federally mandated health care coverage last year. Our understanding was that we could pay cash out of pocket for any health needs he might incur, and any penalties (1% of annual income) for not being enrolled in Obam
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