hgtc
Level 5

I have same problem with 2022 Lacerte.  Taxpayer made non-deductible IRA and converted to Roth IRA in 2022.  But, Form 8606 Line 6 does not show total IRA value  (actually it show "0".)

Spoke with Lacerte, they suggest to remove $6000 input of non-deductible IRA, Line 6 show total value, but, line 1 did not show the $6000 nondeductible IRA contributed in 2022.  And, Lacerte client letter said taxpayer should withdraw $6000 to avoid penalty.

Does anyone have solution for this?  Thanks.

 

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