TaxGuyBill
Level 15

In regards to the Medicare adjustment, selling a house is NOT one of the situations that qualify for it.  Sure, it is possible you could get someone to process it incorrectly, but a large increase of income is NOT a qualifying event.   A loss of job income (selling the practice for George) is a qualifying event.  

 

From the link above:

There are 7 qualifying life-changing events:

  • Death of spouse
  • Marriage
  • Divorce or annulment
  • Work reduction
  • Work stoppage
  • Loss of income from income producing property
  • Loss or reduction of certain kinds of pension income