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How do I find out what my MAGI number is through your site?

 
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How do I find out what my MAGI number is through your site?

In order to calculate your Modified Adjusted Gross Income (MAGI), you will begin with your Adjusted Gross Income (AGI) from your Tax Return: Form 1040 Line 37, Form 1040A Line 21, or Form 1040EZ Line 4

To view your Tax Return before filing, login to your return and go to Tax Tools>>Tools>>View Tax Summary.

Next, you will add the following things to your AGI in order to come up with your MAGI 

  • Student loan interest
  • One-half of self-employment tax
  • Passive loss or passive income
  • IRA contributions, taxable social security payments
  • The exclusion for income from U.S. savings bonds
  • The exclusion under 137 for adoption expenses
  • Rental losses
  • Any overall loss from a publicly traded partnership

If you don't have any of the above items, then your MAGI will simply be the same as your AGI.

Check out this TurboTax Article for more details on: What is the Difference Between AGI & MAGI?

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How do I find out what my MAGI number is through your site?

2018 TT is not calculating MAGI correctly.  How do I see the data sources for the Form 8960 line 13 calculation?
Highlighted
Level 4

How do I find out what my MAGI number is through your site?

In order to calculate your Modified Adjusted Gross Income (MAGI), you will begin with your Adjusted Gross Income (AGI) from your Tax Return: Form 1040 Line 37, Form 1040A Line 21, or Form 1040EZ Line 4

To view your Tax Return before filing, login to your return and go to Tax Tools>>Tools>>View Tax Summary.

Next, you will add the following things to your AGI in order to come up with your MAGI 

  • Student loan interest
  • One-half of self-employment tax
  • Passive loss or passive income
  • IRA contributions, taxable social security payments
  • The exclusion for income from U.S. savings bonds
  • The exclusion under 137 for adoption expenses
  • Rental losses
  • Any overall loss from a publicly traded partnership

If you don't have any of the above items, then your MAGI will simply be the same as your AGI.

Check out this TurboTax Article for more details on: What is the Difference Between AGI & MAGI?

View solution in original post

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New Member

How do I find out what my MAGI number is through your site?

2018 Form 1040 line 7 has AGI
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