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Roth IRA phase out
Hello,
Working on my 2020 taxes, married filing jointly. Our combined AGI on the 1040 on turbotax says $210k. I assume MAGI is higher but TurboTax does not show you the MAGI calculation. When I follow the IRA questions in TurboTax and say that I have contributed $6k for both my wife and myself, TurboTax does not tell me I have exceeded what I am allowed to contribute. I was planning to do a back door Roth but TurboTax seems to be allowing me to make full contributions. What am I doing wrong? Shouldn't TurboTax catch this?
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‎January 30, 2021
3:49 AM