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Returning Member

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?


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Level 15

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.
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Level 7

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.