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Roth IRA Contribution Diagnostics

workhard2022
Level 3

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 3

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

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workhard2022
Level 3

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

workhard2022
Level 3

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 3

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!