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Get your taxes done using TurboTax
TT seems to be incorrectly calculating my MAGI and now I'm not eligible for a ROTH IRA contribution. How can I correct or override TT's calculation? The calculated MAGI is incorrect by the exact amount of my RMD actually withdrawn after taking into account a QCD. It seems to be adding the amount I withdrew in 2020 as an RMD less the QCD from my Traditional to my AGI. This additional MAGI puts me over the limit allowed to make a ROTH contribution. This is incorrect. How do I get around it?
‎February 6, 2021
7:07 PM