qbteachmt
Level 15
06-18-2020
12:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"the PY accountant incorrectly left Part 1 blank."
It depends on what happened.
Part 1 = Contributions and Distributions for qualified deferred accounts.
Part II = Conversions.
Part III = Distributions.
You use what applies to what happened that year.
"To my knowledge they do not have any amounts in traditional IRA"
You should confirm with them: Traditional, SEP and SIMPLE.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers