shmc
Returning Member

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.