I've been doing some projections for next year's taxes and noticed a potential TurboTax error on Line 1 on your 2022 Roth IRA Contribution Limit Worksheet.
(1) It doesn't appear that the MAGI calculation on Line 1 on that sheet accounts for taxable income resulting from a Traditional IRA to Roth Conversion. The MAGI reported on Line 1 does not reflect any Roth Conversion income, which causes errors in the 2022 Roth Contribution amounts and eligibility. The taxable income from my Roth Conversions HAVE BEEN CORRECTLY REPORTED on Lines 4a/4b on the 1040 form.
(2) I also note that the MAGI calculation on Line 1 on the same worksheet is NOT correctly adding back in any NON-TAXABLE Social Security Income that is normally excluded from AGI. Again, these values HAVE BEEN CORRECTLY REPORTED on Lines 6a/6b on the 1040 form.
You may want to take a look at these issues. Thanks.
