- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Modified adjusted gross income for Roth IRA purposes
Using worksheet 2-1 to figure your modified adjusted gross income for Roth IRA purposes you remove any income resulting from the conversion of an IRA to a Roth IRA. When this is done my MAGI allows me to contribute $7000 to a Roth (over the age of 50).
TT is not removing the IRA conversion to a Roth amount in the MAGI calculation. How do I correct this?
‎April 11, 2023
3:00 PM