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Has anyone else had their Form 8606 and taxable IRA distributions calculation change automatically by ProSeries recently? What is going on?
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I have a client who received a 1099-R with code 4. In previous years it showed up as taxable. Now it shows up as non-taxable and I have to override the field to make it taxable. It appears that if you have multiple IRAs the program cannot differentiate between which one the distribution in coming from.
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Yes, an update from last week messed up IRAs and anything to do with a 8606 so it is not currently calculating correctly.
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ProSeries calc was working correctly and then just recently changed. The return I had prepared and printed and gave to my client was correct and then the change occurred automatically upon efiling and the whole amount was made non taxable.
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Anyone know when ProSeries will fix that? UGH
