Modified AGI

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  • dburd52
    Junior Member
    • Jan 2006
    • 16
    #1

    Modified AGI

    Does a SEP contribution count as an IRA contribution when calculating Modified Adjusted Gross Income for purposes of the IRA deduction phaseout?
    Tags: None
    • taxcraft
      Member
      • Sep 2009
      • 81
      #2
      Sep

      You may know that the SEP is added to the IRA's when computing for the RMD....so it may have to be counted.
      This posting is for general discussion purposes and is not meant to be reliable tax advice.

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        • dburd52
          Junior Member
          • Jan 2006
          • 16
          #3
          I feel stupid answering my own question; but on the top right column of page 13-13 of TheTaxBook, it only lists Traditional IRAs as an addition to MAGI for ROTH IRA purposes.

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