Saying TurboTax does it correctly doesn't unfortunately help. I am not having a problem with their MAGI calculation. I am saying their max contribution limit is not correct. I am simply putting the same MAGI value TurboTax is giving me, into the formula provided by IRS and the numbers are different.
If you want, I give you an example, go to IRS provided formula for a MAGI of 158000. Calculate what you get as max contribution.
TurboTax is giving me around $1000 limit. Which doesn't make sense.
My main question is mostly how to talk to TurboTax about their calculation! And how to report the mistake.
They can convince me that they are not wrong or help if they are.
