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Need to look up MAGI in TT DIY Premium Online

I learned that TT calculates the Modified Adjusted Gross Income (MAGI) in Form 8582. I want to download that form in the DIY Premium Online version. 

 

Any insights will be appreciated. Thanks.

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7 Replies

Need to look up MAGI in TT DIY Premium Online

Do you have Passive Activity Loss Limitations on Form 8582?  I don't see any MAGI on that.

https://www.irs.gov/pub/irs-pdf/f8582.pdf 

 

What do you need the MAGI for?  There are many different MAGI calculations depending on what you need it for.  Turbo Tax doesn't calculate it.  

Need to look up MAGI in TT DIY Premium Online

I need to know what MAGI TT came up with to determine whether I meet the income limit for my IRA contributions. That is because by my calculation, I should be within the limit while TT thinks otherwise. 

 

I saw in this community conversation that Form 8582 calculates the MAGI. https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-magi-number-is-through-...

 

Surely, TT calculated the MAGI it used to determine my IRA income limit in some worksheet. I am just looking to download all the forms and worksheets that were generated for my tax return. I am sure it is fair asking because I paid Intuit for the doing my tax return and get in return all the forms and worksheets generated. 

Need to look up MAGI in TT DIY Premium Online

See IRS publ 590A for everything about IRA contributions.

 

You can only contribute up to the amount of your W2 wages or a Net Profit on Schedule C reduced by the deductible part of your self-employment taxes. See IRS pub 590A page 6 for Who can open an IRA and What is Compensation.


For 2025, the IRA contribution limit remains $7,000 ($8,000 for individuals age
50 or older). See IRS pub 590A See top of page 2 for Modified AGI limits
https://www.irs.gov/pub/irs-pdf/p590a.pdf

 

Before filing you can preview the 1040 or print the whole return. You have to pay any fees first before you can see all the forms, etc.
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

Need to look up MAGI in TT DIY Premium Online

Download the instructions which will tell you how to compute MAGI for purposes of the 8582. 

8582 instructions 

 

Need to look up MAGI in TT DIY Premium Online

Like I said, I calculated my MAGI for IRA income limits as per IRS rules, and it is low enough to allow IRA contributions. However, TT determined that my MAGI is higher than the limit IRS stipulates. So, now I just need the worksheet from TT where it shows my MAGI it used for this purpose so that I can compare.

 

At this point, my question is about downloading the TT worksheets. Having already paid to TT for this tax return, I see the forms in the PDF file that TT offers, but not the worksheets. I will appreciate it if anyone can tell me how to download the worksheet that TT used for determining my MAGI to check my IRA income limits. 

Thanks.

Need to look up MAGI in TT DIY Premium Online

I'll page  @dmertz 

dmertz
Level 15

Need to look up MAGI in TT DIY Premium Online

I don't have any reason to believe that TurboTax calculates MAGI for the purpose of line 6 of Form 8582 any differently than described in the instructions for Form 8582 line 6:

 

https://www.irs.gov/instructions/i8582#en_US_2025_publink1000278211

 

This MAGI has nothing to do with any MAGI used for retirement contributions.  The modifications to AGI are different.

 

You can view the MAGI for the purpose of line 6 of Form 8582 by viewing the From 8582 that TurboTax prepares (assuming that you have rental real estate activities with active participation that require Part II of Form 8582 to be prepared).  With the online version of TurboTax, you must pay for TurboTax before you can download and view this form.

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