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Should non-taxable interest be showing up as income in form 8582 (MAGI) when it is showing in 1040 as income? Is this a bug in TTP-2019?
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January 24, 2020
11:58 AM
last updated
January 24, 2020
11:58 AM
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Should non-taxable interest be showing up as income in form 8582 (MAGI) when it is showing in 1040 as income? Is this a bug in TTP-2019?
Yes, non-taxable interest is used to figure your MAGI for the purposes of Form 8582, as per the IRS instructions.
See the line instructions for line 7 and the caution statement below it.
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January 24, 2020
12:50 PM
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Should non-taxable interest be showing up as income in form 8582 (MAGI) when it is showing in 1040 as income? Is this a bug in TTP-2019?
Thanks, then how can this bug be fixed, please?
January 24, 2020
12:51 PM
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Should non-taxable interest be showing up as income in form 8582 (MAGI) when it is showing in 1040 as income? Is this a bug in TTP-2019?
Please explain further. The non-taxable interest should be included in figuring the line 7 amount. How is that a bug?
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January 24, 2020
12:54 PM
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