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Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.

Negative AGI?

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Question: How about a loss carry forward that comes from a theft loss? This creates a net loss on line 37 of our 1040. How do we enter it on the Covered California website or the Medical website. It doesn't allow us to enter a negative number for AGI.

Answer: The CC application asks for your current income whether W-2 employed or self employed. Jeeze Louise! What did you make last month? If you start making a lot more, or a lot less, you can correct later. After personally assisting on over 300 CC applications, I can tell you that for most people, the whole AGI thing makes things more complicated than they need to be. Fuhgeddaboudit!

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