AnnetteB6
Employee Tax Expert

Retirement tax questions

Here is a link to the IRS worksheet for Modified Adjusted Gross Income (MAGI) calculation to determine if a Roth IRA contribution can be made:  IRS Publication 590-A

 

The key is the amount shown on line 2 of the calculation.  It states that income from the conversion of an IRA to a Roth IRA is subtracted from income.  Also, income from a rollover from a qualified retirement plan to a Roth IRA is subtracted from income as well.  

 

Taking the information from the IRS worksheet while looking at your Form 1040 and the information shared by dmertz into account, please respond back if you still feel there is an error in the TurboTax calculation and it will be further investigated.

 

@dee-2025 

 

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