IRS Pub. 590-A states that traditional IRA "distributions" are included in the MAGI. But, now I have read in the publication about the contribution limit to a Roth IRA and it states:
Roth IRAs only. If contributions are made only to Roth
IRAs, your contribution limit is generally the lesser of:
• $7,000 ($8,000 if you are age 50 or older), or
• Your taxable compensation.
"Your taxable compensation" is really your "earned income", so Turbotax is right!
It just takes time to dig into the IRS publication!
Thanks to VolvoGirl and Dave for responding to my question and helping me to investigate further.
