Form 8880 calculating when it should not. Should Proseries carryforward the info for Line 4? It's blank when it should not be.

[maxie]

Taxpayers took a distribution in 2017 of $40k. Taxpayers contributed $3k in 2018. Nothing was carried forward by Proseries to line 4 of form 8880. I thought it would automatically do this. Am I wrong?  The 2017 distribution should disqualify the taxpayers from receiving retirement savings credit unless I'm missing something. 

[rbynaker · Accepted solution]

I think TaxGuyBill had a similar problem with a return earlier this year.  It doesn't seem to be a consistent problem. happens some times but not others.  You may have to manually enter the prior year distribution to get the form to work correctly.

Rick

[rbynaker]

@TaxGuyBill
Did you get your 8880 carryover problem figured out?

[Just-Lisa-Now-]

wasn't it one of those things that they said they would report to development to be corrected in a future update?

[TaxGuyBill]

I just manually entered it for that client.  I haven't come across another client in a similar situation yet to see what it does.  I *THINK* a Moderator said she set up a test file and it transferred okay for her, but obviously this post indicates it is happening to other returns too.

[maxie]

Obviously it is a problem. Maybe they fixed it and it "un" fixed in one of the recent updates.

[rbynaker]

Yeah.  I dread having to update.  I usually wait at least 24 hours and check here to see what folks are screaming about that got broken on a recent update.