As of March 26th, using Premier, not only is MAGI still not calculated properly (TurboTax simply uses AGI) but the phaseout in Contribution Limits is also incorrect — when cross-referencing online tables and online calculators for 2023. For example, the 2023 ROTH IRA contribution limit for a MAGI of $150,000 is $1,500 (verified with Schwab et al). But TurboTax tells me that I'm limited to $200 with a MAGI (self-calculated) of $148,000. And then hits me with warnings and threats of penalties if I wish to contribute $350.
For weeks I've been getting emails from TurboTax, on and off, thanking me for my patience while they work "tirelessly" to resolve this error. The last email came on March 8th; it's now less than a month until the April 15th filing deadline. What to do? Let the TurboTax wag the filing Doug, and just contribute $200 to my 2023 Roth, instead of $350? insane!
For reference, the subject of the latest email from TurboTax:
We’re still working on Error in calculation of Roth IRA MAGI
