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04-21-2017 05:20 PM
Welcome to the H&R Block community.
Modified AGI for purposes of Form 8962 (Premium Tax Credit) includes your total rental income (not rents received). The exact formula is ADJUSTED GROSS INCOME + NON-TAXABLE INTEREST + EXCLUDED SOCIAL SECURITY + EXCLUDED FOREIGN INCOME. Your rental income will already be included in your adjusted gross income.
Modified AGI may be different for a different credit or deduction. I assume you are referring to MAGI for the premium tax credit since you posted in the health forum.
If you have any other questions I'll be glad to help.
Senior Tax Advisor (Tampa, FL)