A New York resident, age 54, has annual income low enough to qualify her for Medicaid, and she has been enrolled in it for several years. In 2013 she inherited $100K in stock. Say she sells $20K of the stock in 2014 at a loss, and her tax return accurately reflects both a net capital loss and that her AGI is still low enough for her to continue to qualify for Medicaid. Would her Medicaid eligibility be affected by the "income" generated by the stock sale? In other words, do the Medicaid folks consider the $20K as current income even though there is a net loss, or do they look at the bigger picture of net capital gain/loss in determining income for eligibility purposes?
- posted 6 years ago