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How to calculate MAGI from AGI?
I see form 8582 provides MAGI (Modified Adjusted Gross Income). Is this value trustable and accurate to be used to figure out eligibility and other details for ROTH IRA contribution limits.?
Alternatively:
Or if I have a completely filled out Form 1040 in TurboTax, can line 11(AGI, Adjusted Gross Income) and other lines in Form 1040 be used to figure out MAGI?
‎April 7, 2024
5:00 PM