My MAGI (Line 11 on for 2021 tax year 1040) is 250K but 170K of which is a conversion from Traditional IRA to Roth IRA. So according to IRA publication https://www.irs.gov/publications/p590a#en_US_2019_publink[phone number removed], worksheet Modified Adjusted Gross Income for Roth IRA Purposes, the MAGI is only 80K for Roth IRA purpose, well under the 208K contribution limit for married file jointly. However, Turbo tax still calculated the penalty and said that this is excess contribution due to our MAGI is over 208K. Any one else experience this? Seems like a TurboTax error for the 2021 year.
