Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 8606 calculation change

amylcpa
Level 2

Has anyone else had their Form 8606 and taxable IRA distributions calculation change automatically by ProSeries recently? What is going on?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

4 Comments 4
CPA808
Level 1

I have a client who received a 1099-R with code 4.  In previous years it showed up as taxable. Now it shows up as non-taxable and I have to override the field to make it taxable.  It appears that if you have multiple IRAs the program cannot differentiate between which one the distribution in coming from.

0 Cheers
TaxGuyBill
Level 15

Yes, an update from last week messed up IRAs and anything to do with a 8606 so it is not currently calculating correctly.

0 Cheers
amylcpa
Level 2

ProSeries calc was working correctly and then just recently changed.  The return I had prepared and printed and gave to my client was correct and then the change occurred automatically upon efiling and the whole amount was made non taxable.

0 Cheers
amylcpa
Level 2

Anyone know when ProSeries will fix that?  UGH

0 Cheers