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529 Roth Rollovers, Roth Conversions and MAGI

I did a 529 Roth Rollover for me, a Roth Contribution for my wife and a Roth Conversion in 2024.  The amount of the conversion is not being subtracted from AGI on the MAGI worksheet and both the rollover and the contribution are showing as excess contributions on the IRA Info worksheet.  My understanding is that the 529 rollover is not subject to MAGI considerations.  Further, if I'm correct that Roth conversions are backed out of AGI to arrive at MAGI, resulting in a MAGI below the phase-out threshold, then my wife's Roth contribution shouldn't flag an excess contribution issue either.  Is there a coding issue in the step-by-step process that I may have missed?  Or is my understanding of how things are meant to work incorrect?

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529 Roth Rollovers, Roth Conversions and MAGI

Update:  Note box 7 of 1099-R shows code 7. 

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