I had a client who elected to spread the IRA over 3 years on the 2020 tax return. Proseries doesn't know to report the the 1/3 in 2021?
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Following. Same question. You would think it would roll the taxable income due right into 2021 but it doesnt seem to be.
Form 8915F- but it ain't ready yet. And when it is ready, you will need to manually enter info from the 2020 return to make it work.
Thank you. Do you think the program will know and prompt you to enter the information?
Since you have to enter it manually, I doubt it.
Just where do we enter the 1/3 on the 8915-F.
8915-WKS , check box b, and put the amount on line 2
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