Quote:
Originally Posted by manaboutown
I wish. IRMAA in my case is maxed out in part due to LTCGs on assets held roughly 40 years as I am trying to simplify my life by selling off commercial rental properties, one per year. If she were not already there it would just throw my new wife into IRMAA's and NIIT's jaws along with me.
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IRMAA is a nasty business. All my life I looked forward to my "free medicare", only to find out that my FREE Medicare, costs me $500/Month. I finally got out from under it and then sold some properties the next (not knowing Capital Gains affected IRMAA) and now I'm back to getting whacked.
This is a fairly good explanation and if you figure out a way out of it, let me know. IRMAA is based on your income 2 years ago. They're pretty good at notifying you of changes, either plus or minus. The entire "Appeal Process"? Good luck with that!
https://www.yourmedicaremarketplace....iums-and-costs