Why are you all making this so much more difficult than it needs to be?
1. Turbo tax calculates MAGI for use in determining whether you can contribute to IRAs.
2. Turbo tax displays that information if you exceed the earnings limits and attempt to contribute to IRAs. See example messages below.
3. Turbo tax does not seem to provide a way to see the MAGI calculation. The search for 'modified' only showed me form 8582 p1 Passive Activity Loss Limitations and it was empty
Example language when trying to enter IRA contributions:
Some of your IRA contribution isn't deductible.
...
Based on the information you've entered so far, X is covered by a retirement plan at work and your modified AGI is $yyy,zzz. You can't deduct Y's $7,000 contribution.
So the MAGI calculation is right there. Why is it so difficult to find directly?
Summary:
Turbo Tax should be fixed to allow users to see the MAGI calculation directly. If as you say, there are different calculations used for different purposes, then fine. Show them all.
