DanaB27
Expert Alumni

Retirement tax questions

Yes, the military pension will be listed on line 5b.

 

No, line 5b won't be always subtracted from the AGI to produce the MAGI for Roth IRA purposes. Please review Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes and note that line 2 on the worksheet only subtracts conversions to Roth IRA on lines 4b and 5b of Form 1040. Therefore, the military retirement distribution will be included in the MAGI to determine if you can make Roth IRA contributions.

 

 

 

 

@Jclabat 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"