LTaxes
Level 1
2 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a client where all those conditions are met. He made a non-deductible contribution to a traditional IRA, immediately converted it to a Roth IRA, and the balance of all traditional IRAs at the end of the year was $0. He received a 1099-R with a code 2 (which I entered), but will not receive his 5498 until May.
I can't figure out how to enter it in Pro-Connect so that Box 8 of form 8606 shows $7,000. Any tips?
Thanks!