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halljared
New Member

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

 
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9 Replies

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

This year, it's line 2a plus line 7.

..….assuming that is the exact MAGI you are needing...because some MAGIs use some other modifications.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
Bill33
New Member

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

You would think that after a month, TT would update the Help File, but you would be wrong.
cindy0213
New Member

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

yes this outdated info from past tax year's is really confusing. They need to update the answers to the 2018 forms. There is only a 1040 now.
mehta2000
New Member

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

yes - please update

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

@mehta2000    @cindy0213

I've noted one area to the moderators, and  they have put in to get the text corrected.

But unless you tell us, or show us, exactly where you are seeing the outdated  line reference..we can't change it.....there  are thousand's of pages and links.  We won't see them except by chance unless you point us too the exact spot.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

Using Premiere Windows Desktop CD. It's in the health insurance section, if you are using a 1095A from the Healthcare Marketplace(Obamacare). Turbo Tax asks if you have a dependent filing a separate return. Once you click yes, it asks you for that dependent's modified adjusted gross income. It tells you to add lines 8b and 37 on the 1040 which no longer exist. Here's what it says when you click the "learn more" link:
How do I calculate my dependent child's MAGI?
To calculate your dependent child's modified adjusted gross income (MAGI), you'll need to access their completed 2018 tax return. If you have not filed your dependent child's tax return, you'll need to do that to do the calculation.

If your dependent child filed their tax return with TurboTax, they can sign into their account to access their 2018 tax return.

Your dependent child's MAGI can be calculated by adding any amount reported on Form 1040 lines 8b to the amount on line 37. Although it's not common, if they claimed foreign earned income exclusion, housing exclusion, or housing deduction, add the amount from form 2555, lines 45 and 50, or form 2555-EZ, line 18 to the amount on line 37. Finally, if they have received Social Security income, add the difference between lines 20a and 20b to the amount on line 37.

If you have more than one dependent child who filed a tax return, add up all of their MAGIs and enter the total amount.

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

I found 2 places with the same problem, both related to Healthcare or those tax credits ...& have reported.

Note that the SS lines 20a and 20b are also wrong...those are 5a and 5b now.

Have not looked at the 2018 form 2555/2555EZ lines
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

Theres no Line 7 on 1040 2019 form just Line 7A, Line 7B

There is no line 8b or 37 on the Form 1040 this year. How do I calculate MAGI?

I am working on tax year 2019. From previous comments seems like different years and different 1040's have different lines for what they want from us. I went back to a 2016  1040 form to figure out what they want.  8b would be the line that would show your Tax exempt interest, which for 2019 form would be line 2a.  Line 37 is your Adjusted Gross Income which for 2019 is line 8b.  I didn't calculate the items using form 2555 or 2555-EZ. Finally, what they want you to do is if your child received Social Security benefits is to subtract the taxable amount of Social Security (line5b [2019 year]) from the total Social Security benefit (line 5a [2019 year]) your child received. This number then would be added to your Adjusted Gross Income + tax exempt interest resulting in your MAGI. For 2019 1040 Form, those numbers would be (5a-5b) +(8b+2a)=MAGI (this formula  is for 2019 Federal Tax 1040 Form.  Also, remember to do what is in parenthesis first before adding the numbers together).  If your doing a different year and the line numbers are different, just look at your form and find the lines that say what I have in Bold type above to calculate MAGI. Hope this helps someone.

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