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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: Adjust cumulative basis in ROTH IRA
Adjust cumulative basis in ROTH IRA
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DanF
Level 1
03-19-2023
11:07 AM
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Hi - a client has done "back door ROTH IRA" conversions for many years. I noticed that the basis carried forward from prior years is incorrect. I can't find a way to correct / adjust it in ProConnect. Does anyone know how to adjust this? Thank you
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Strongsilence-C
Level 10
03-19-2023
11:09 AM
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I use LC but I know that you can go to Form 8606 and RT-Click and choose Go To Input
PhoebeRoberts
Level 11
03-19-2023
11:35 AM
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It's in Adjustments to Income under Deductions, in the Roth IRA section.
