topic Understood. He's misreading table 1.1 in Retirement tax questions

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

haysej — Thu, 06 Jun 2019 14:35:34 GMT

can you add a comment where you see that the pension inco...

MichaelL1 — Thu, 06 Jun 2019 14:35:36 GMT

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

The Modified AGI worksheet in IRS Publication 590-A does...

DoninGA — Thu, 06 Jun 2019 14:35:38 GMT

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/p590a#en_US_2016_publink100025076</a>

Is "military pension" not considered "pension?" 590-A ind...

haysej — Thu, 06 Jun 2019 14:35:38 GMT

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

590-A Table 1-1 shows that compensation for purposes of a...

haysej — Thu, 06 Jun 2019 14:35:39 GMT

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

The worksheet for MAGI does not indicate pensions at all.

DoninGA — Thu, 06 Jun 2019 14:35:41 GMT

The worksheet for MAGI does not indicate pensions at all.

Understood. He's misreading table 1.1

levisncap89 — Thu, 06 Jun 2019 14:35:42 GMT

Understood. He's misreading table 1.1

I don't understand. Does table 1.1 not indicate that pen...

haysej — Thu, 06 Jun 2019 14:35:44 GMT

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

Table 1 shows it is not compensation, so it not considere...

MichaelL1 — Thu, 06 Jun 2019 14:35:45 GMT

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.

OK thanks, so for the purposes of determining how much of...

haysej — Thu, 06 Jun 2019 14:35:47 GMT

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

yes, it will be part of the MAGI computation. I am putti...

MichaelL1 — Thu, 06 Jun 2019 14:35:48 GMT

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

Yes, Military pension will be part of the MAGI computatio...

MichaelL1 — Thu, 06 Jun 2019 14:35:50 GMT

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.