RedwoodQuilter
Level 2

All are code 7.  

Since client rolled over non-deductible contributions from one brokerage to another, the taxable amounts shown by the current brokerage are not correct.

Client and spouse each have one regular and one rollover IRA.  Yes, separate 8606 are being prepared for each. Taxpayers are in yr 2 of retirement

Example: Gross Distributions for Spouse: 28K Taxable Amount per 1099R: 27K. Entered these amounts in Input sheet 13.

F 8606 Line 7 picked up only 27K. I changed the Taxable Amt on Input sheet 13 back to 28K so it would appear on Line 7 of 8606 and compute the correct taxable amount of $26K on line15c. Entered the Corrected Taxable of 26K back into input sheet 13.  F8606 then went back and recomputed using Line 7 as 26K, now with Taxable Income of $25.5K.

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