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Level 1

Why doesn’t the MAGI amount indicated in the MAGI Worksheet (for Form 8582 Line 7) match the MAGI amount indicated on Line 1 of the Roth IRA Contribution Limit Worksheet?

Why doesn’t the MAGI amount indicated in the MAGI Worksheet (for Form 8582 Line 7) match the MAGI amount indicated on Line 1 of the Roth IRA Contribution Limit Worksheet?


2 Replies
Level 20

Why doesn’t the MAGI amount indicated in the MAGI Worksheet (for Form 8582 Line 7) match the MAGI amount indicated on Line 1 of the Roth IRA Contribution Limit Worksheet?

The IRS has different MAGI computations for different tax items.  Review the worksheets for the details.
Level 12

Why doesn’t the MAGI amount indicated in the MAGI Worksheet (for Form 8582 Line 7) match the MAGI amount indicated on Line 1 of the Roth IRA Contribution Limit Worksheet?

As Critter pointed out, MAGI for Passive Losses (form 8582) is calculated differently than MAGI for Roth Contributions.