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    Roth IRA Contribution Diagnostics

    workhard2022
    Level 4

    I received this following diagnostic after i input the Roth IRA contribution amount in Proconnect. Not sure if I missed anything on the Roth IRA input?   How to clear this diagnostic?

    Diagnostic:  The taxpayer's allowed Roth IRA contribution is $6,500. US - Ref #10777

     

    Capture1.PNG

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    10 Comments 10
    George4Tacks
    Level 15

    When you check the return, how much shows up as a deduction on the tax return?

    Notice that none of these words are showing up in the diagnosis - CRITICAL - CATASTROPHIC - WARNING 


    Answers are easy. Questions are hard!
    qbteachmt
    Level 15

    "how much shows up as a deduction on the tax return?"

    Oh, good question.

    "after i input the Roth IRA contribution amount"

    What is that amount?

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    George4Tacks
    Level 15

    @qbteachmt The amount input shows in the image 1 which denotes Software - figure out the max I can use. 


    Answers are easy. Questions are hard!
    qbteachmt
    Level 15

    "shows in the image 1"

    Oh, I know this. I was following up your question: "how much shows up as a deduction on the tax return?"

    Because the topic has to do with Roth. 🙂

     

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    workhard2022
    Level 4

    Nothing and I think it is due to the nature of Roth IRA contributions.

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    workhard2022
    Level 4

    The amount is $6500 which the maximum contribution to Roth IRA in 2023. and that's why the picture shows "1"

    workhard2022
    Level 4

    There is no deduction from the Roth IRA contributions on form 1040.

    sjrcpa
    Level 15

    So the Diagnostic is correct. It doesn't prevent efiling. What is the problem?


    The more I know the more I don’t know.
    workhard2022
    Level 4

    Ok, I was thinking I entered the roth IRA contribution info correctly. why did the software come out a diagnostic? Made me feel something was wrong. 

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    George4Tacks
    Level 15

    It is intended to help. In this case you asked the software to make a computation for you. It is suggesting you review that computation and how it is presented to your client. 

    https://accountants.intuit.com/support/en-us/help-article/diagnostics/common-questions-informational...

     


    Answers are easy. Questions are hard!