- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
TurboTax has already been updated to add back the excluded unemployment compensation when calculating the MAGI for a Roth IRA contribution. After completing all other aspects of your tax return, enter a $7,000 Roth IRA contribution and TurboTax will tell you how much of that is excess. Finally, go back and edit the original $7,000 entry to reduce it by the amount of the excess.
‎April 7, 2021
6:18 PM