KTS2021
Level 2
04-03-2023
05:27 AM
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Hello ProConnect Community!
A client (above age 50) fully contributed in 2022 IRA: $250 in Roth later recharacterized to non-deductible TIRA and $6750 directly into non-deductible TIRA, due to AGI limitation. How do I correctly show the total amount that went to non-deductible TIRA?
Right now, Line 1 of Form 8606 only shows $6750. I entered $250 in Roth IRA and Recharacterization columns, but it does not appear to do anything on 8606. Also, Page 2 of 8606 does not generate either.
Thank you!
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