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MAGI calculation for ROTH Contribution
Line 1 of the Roth IRA Contribution Limit Worksheet is incorrectly calculating MAGI... it appears to be subtracting inherited IRA distributions (in addition to IRA Roth conversions). Why ?
also affects the Traditional IRA deduction, inherited IRA distributions are being subtracted from the MAGI caclculation in error.
‎February 20, 2024
8:21 AM