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IRA

During the process of filling Turbtotax, I often met the term " AGI" (adjusted gross income) and "MAGI". These are needed for determining what choice I should made. How do I know what is my AGI and where I can find them. Is that the "total income" in the page of "here is a picture of your 2020 income?

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1 Reply
DanaB27
Expert Alumni

IRA

You find your adjusted gross income (AGI) on line 11 of your Form 1040.

 

Please see Worksheet 1-1.Figuring Your Modified AGI for traditional IRA and Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes

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