Roth conversion amount not being deducted from MAGI in 2025 TT Deluxe

[pridelander]

In a previous topic, the tax expert explained that ROTH conversion amounts increase AGI but do not increase MAGI because the funds have been rolled over.  TT is not deducting the roll over amount from MAGI which impacts the PTC form 8692 line 2a.  This causes a huge impact when calculating PTC.

Is this a bug or am I not reading the tax expert reply correctly?

I'm using TT Deluxe desktop version 025.000.0245

[dmertz]

Roth conversions are only subtracted from the MAGI for the purpose of making a Roth contribution, not from the MAGI for the purpose of determining PTCs (or for any other purpose, for that matter).

There are about a dozen different ways that MAGI is defined in the tax code, used for about two dozen different purposes.