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Level 2
February 19, 2022
Solved

Year 2 of 3 year averaging of 1099R due to disaster.

  • February 19, 2022
  • 1 reply
  • 3 views

How do you handle in ProSeries? Are you required to make entry or should it automatically carry forward from prior year?

This topic has been closed for replies.
Best answer by jeffmcpa2010

It is up to you.

Pro-Series does not have an error message to remind you of your choice to defer.

You will have to check your files to be sure which ones have deferred income to report.

1 reply

Level 10
February 19, 2022

You wait until the 8915-F is released in the software.

vvoollssAuthor
Level 2
February 21, 2022

Is it giving you an error message that it is waiting for a form release?  It did not us.  We just happened to remember they had a 3 year average last year - no warning not to file without this information.

 

Level 10
February 21, 2022

It is up to you.

Pro-Series does not have an error message to remind you of your choice to defer.

You will have to check your files to be sure which ones have deferred income to report.