You can enter the Roth contribution this way and TurboTax will tell you if it exceeds the allowable limit. You can also print all forms and worksheet and view the "Roth IRA Contribution Limit Worksheet" line 1 that is your MAGI for Roth.
Or refer to IRS Pub 590A worksheet 2-1 for the MAGI calculations:
https://www.irs.gov/publications/p590a#en_US_2019_publink1000230985
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
A Roth IRA contribution does not actually go on a tax return, but you should enter it anyway to:
1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.
4) Add the Retirement Savers Credit if you qualify.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
