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How do I view my MAGI on turbotax versus my AGI?

Looking to locate my MAGI to learn about Roth IRA contributions.
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3 Replies

How do I view my MAGI on turbotax versus my AGI?

The computation of MAGI can be found on the Modified Adjusted Gross Income Worksheet.

 

You are able to view the worksheet under Tax Tools / Print Center / Print, save or preview this year's return.

rjs
Level 15
Level 15

How do I view my MAGI on turbotax versus my AGI?

MAGI is calculated differently for different purposes. There are about a dozen different definitions of MAGI, depending on what it is being used for.


The Modified Adjusted Gross Income Worksheet in TurboTax is for Passive Activity Loss Limitations, not for Roth IRA contributions. To calculate your MAGI for Roth IRA contributions use Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes in IRS Publication 590-A. You will find other useful information about Roth IRA contributions in Chapter 2 of that publication.

 

dmertz
Level 15

How do I view my MAGI on turbotax versus my AGI?

Only if you enter a Roth IRA contribution will TurboTax prepare the Roth IRA Contribution Limit Worksheet where TurboTax will show your MAGI on line 1.

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