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Get your taxes done using TurboTax
Whereas I have not tried out a scenario for the use of form 8960 for an individual as described in your post but clearly Social Security and similar items are not included in the computation of MAGI --- .>>
https://www.irs.gov/pub/irs-pdf/i8960.pdf
" Gross income and net gain specifically excluded by section 1411, related regulations, or other guidance published in
the Internal Revenue Bulletin.
Examples of excluded items are:
• Wages,
• Unemployment compensation,
• Alaska Permanent Fund Dividends,
•Alimony,
•Social security benefits,
•Tax-exempt interest income,
•Income from certain qualified retirement plan distributions, and
•Income subject to self-employment tax "
Will forward your post to powers be for attention ( if not already fixed ) --- thank you for bringing this to attention of community
pk
April 29, 2023
1:24 PM