pfeifferacct
Level 2
03-08-2024
10:03 AM
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ProSeries appears to be miscalculating MAGI for purposes of the Roth IRA contribution limitations. It is adding back SE health insurance, which is not supposed to be a modification for MAGI purposes. Has anyone else experienced this? I ran the calculation on the IRS worksheet (manually) and it seems ProSeries is definitely miscalculating. SE health insurance is not an add-back. Line one had to be overridden to match the IRS worksheet and allow the Roth contributions. See line 1 of the worksheet. It seems to be OK for traditional. Why?
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