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Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes Use this worksheet to figure your modified adjusted gross income for Roth IRA purposes. 1. Enter your adjusted gross income from Form 1040, line 7; or Form 1040NR, line 35 .............................................................. 1. 2. Enter any income resulting from the conversion of an IRA (other than a Roth IRA) to a Roth IRA (included on Form 1040, line 4b; or Form 1040NR, line 17b) and a rollover from a qualified retirement plan to a Roth IRA (included on Form 1040, line 4b; or Form 1040NR, line 17b) ...................................................................... 2. 3. Subtract line 2 from line 1 ................................................... 3. 4. Enter any traditional IRA deduction from Schedule 1 (Form 1040), line 32; or Form 1040NR, line 32 ........................................... 4. 5. Enter any student loan interest deduction from Schedule 1 (Form 1040), line 33; For Form 1040NR, line 33 ......................................... 5. 6. Enter any domestic production activities deduction (DPAD) from Schedule 1 (Form 1040), line 36, or Form 1040NR, line 34 ............... 6. 7. Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 ........................ 7. 8. Enter any foreign housing deduction from Form 2555, line 50 ............ 8. 9. Enter any excludable qualified savings bond interest from Form 8815, line 14 ........................................................................ 9. 10. Enter any excluded employer-provided adoption benefits from Form 8839, line 28 ................................................................. 10. 11. Add the amounts on lines 3 through 10 .................................... 11. 12. Enter: • $199,000 if married filing jointly or qualifying widow(er), • $10,000 if married filing separately and you lived with your spouse at any time during the year, or • $135,000 for all others .................................................... 12. Is the amount on line 11 more than the amount on line 12? If yes, see the Note below. If no, the amount on line 11 is your modified adjusted gross income for Roth IRA purposes. Note. If the amount on line 11 is more than the amount on line 12 and you have other income or loss items, such as social security income or passive activity losses, that are subject to AGI-based phaseouts, you can refigure your AGI solely for the purpose of figuring your modified AGI for Roth IRA purposes. (If you receive social security benefits, use Worksheet 1 in Appendix B to refigure your AGI.) Then go to line 3 above in this Worksheet 2-1 to refigure your modified AGI. If you don’t have other income or loss items subject to AGI-based phaseouts, your modified adjusted gross income for Roth IRA purposes is the amount on line 11 above. Page 40 Chapter 2 Roth IRAs