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natamunk
New Member

Does your 401k rollover to an IRA get added in to calculate you MAGI?

for example - if adjusted gross income is $50,000 and a 401k rollover is $25,000.  Is MAGI still $50,000 or does it become $75,000?
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Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Does your 401k rollover to an IRA get added in to calculate you MAGI?

A rollover from a 401(k) to a traditional IRA is nontaxable and therefore does not add to AGI which is used as the starting point for any modifications to AGI.  Only taxable distributions add to AGI.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Does your 401k rollover to an IRA get added in to calculate you MAGI?

A rollover from a 401(k) to a traditional IRA is nontaxable and therefore does not add to AGI which is used as the starting point for any modifications to AGI.  Only taxable distributions add to AGI.

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