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shammacks
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Why is TurboTax computing the Roth IRA contribution limits using Publication 590-A Worksheet 1-1? It should be using Worksheet 2-1 which subtracts Roth Conversion.
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Retirement tax questions
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April 12, 2022
8:17 PM
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Why is TurboTax computing the Roth IRA contributio...
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shammacks
in
Retirement tax questions
April 12, 2022
8:17 PM
April 12, 2022
8:17 PM
Publication 590-A Worksheet 1-1 is for traditional IRA MAGI. Worksheet 2-1 is for Roth IRA contribution MAGI. In worksheet 2-1 any Roth Conversions are substracted in line 2 from the AGI.
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