hgtc
Level 5
03-07-2023
03:42 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.