The Live Support "tax expert" I spoke with yesterday told me IRA contribution amount is based on MAGI. Yet nowhere in TT could we find MAGI on my 2021 Home and Business Desktop version. This CPA "expert" did not seem to be at all familiar with TT software. Why is there is no search bar in TT? The Topic List under tools was no help at all. He told me that based on my AGI, I should contribute the maximum. When I told him I didn't think that was correct, he said I can call the brokerage which holds my IRA account and they could tell me. I finally found a number for Combined Earned Income in the Personal section under Retirements and Investments. Yet I could not tell on what that number was based. It didn't match any number from our Schedule Cs or any other form. It was far less than the maximum amount this advisor said I could contribute. Lastly, every time I reopen TT, it automatically updates and many of my number change, e.g. Adjustments, AGI, Taxable Income, and Combined Earned Income. If my IRA contribution is based on the latter, how do I know it's correct if it changes with every update? I'd like to know how TT is calculating this number.
Thank you.
