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Get your taxes done using TurboTax
2024 Desktop not properly calculating MAGI for Roth Conversions
I have the same issue with TTD
It is not properly calculating MAGI and is saying that I have excess contributions in TTD. It works fine in TTO. I have 5 separate 1099-R Roth Conversions. I found the Roth worksheet. . . it is only deducting 3 of them and indicating that I have an excess contribution. I could reduce the amount and leave my Roth as is but there is a glitch and if I didn’t know that it was wrong, I might have done the same as the original poster.
Saved, exited and restarted TTD and not it is correctly calculating the MAGI
February 8, 2025
4:52 PM