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
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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
"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?
@qbteachmt The amount input shows in the image 1 which denotes Software - figure out the max I can use.
"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. 🙂
Nothing and I think it is due to the nature of Roth IRA contributions.
The amount is $6500 which the maximum contribution to Roth IRA in 2023. and that's why the picture shows "1"
There is no deduction from the Roth IRA contributions on form 1040.
So the Diagnostic is correct. It doesn't prevent efiling. What is the problem?
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.
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.
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