Does the new section 199 deduction apply to MAGI for computing the ACA subsidy on your income tax return? Sch C 30,000 net, 6,000 199 deduction, is 24,000 MAGI?
Does the new section 199 deduction apply to MAGI for computing the ACA subsidy on your income tax return? Sch C 30,000 net, 6,000 199 deduction, is 24,000 MAGI?
No, 199A and a below-the-line deduction and, so, does not affect MAGI.
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