IRS shows that military pension is excluded from MAGI for IRA limits. How to I get TurboTax to reflect this?

[MichaelL1]

can you add a comment where you see that the pension income is excluded from MAGI so I can do some research on this.

[DoninGA]

The Modified AGI worksheet in IRS Publication 590-A does not reference anything concerning military pensions as being excluded from the MAGI calculation for an IRA - <a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p590a#en_US_2016_publink100025076">https://www.irs.gov/publications...>

[haysej]

Is "military pension" not considered "pension?" 590-A indicates that compensation for purposes of an IRA does not include income from pensions.

[haysej]

590-A Table 1-1 shows that compensation for purposes of an IRA excludes pensions

[DoninGA]

The worksheet for MAGI does not indicate pensions at all.

[levisncap89]

Understood. He's misreading table 1.1

[haysej]

I don't understand.  Does table 1.1 not indicate that pension is excluded from AGI for IRA purposes?

[MichaelL1]

Table 1 shows it is not compensation, so it not considered earned income in taking an IRA deduction.  It is not referring to the MAGI limits in table 1.

[haysej]

OK thanks, so for the purposes of determining how much of my contribution is deductible I must include my military pension income?

[MichaelL1]

yes, it will be part of the MAGI computation.  I am putting as answer below so we can close this question out as answered.

[MichaelL1]

Yes, Military pension will be part of the MAGI computation.  I am putting as answer below so we can close this question out as answered.

Thank you for your service and happy we could clarify this for you.