I tried to follow this thread. Married filing jointly. I stopped working on 1/3/2023 and received earned income from the end of 2022. In late 2023, I transferred money from my Rollover IRA to my Roth IRA.
Our AGI is over $228K. Based on Federal worksheet 2-1 (Modified Adjusted Gross Income for Roth IRA Purposes), form 1040 Line 11 AGI is reduced by the amount I transferred from my Rollover IRA to my Roth IRA. The resulting amount is well below the $198K threshold.
I should modify line 1 of the Turbo Tax Roth IRA Contribution Limit Worksheet to AGI minus the amount transferred from Rollover IRA to Roth IRA, correct?
Thank you for the response.
