KTS2021
Level 2
04-14-2023
08:43 AM
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Hello ProConnect Community!
Can the form 8606 be filed as a stand-alone or does it need to be with amended return if I need to file it after the original return was submitted?
II have heard somebody saying it can be a stand alone document. If so, how can I create a stand alone Form 8606 in ProConnect? Do I have to do it manually? Or does Form 8606 need to be a part of amended return?
Back story... A client fully funded Roth IRA and filed the original return. Later they recharacterized the Roth to non-deductible TIRA due to their MAGI being over the Roth limit.
Thank you!
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