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Common questions on Form 8880 Retirement Saving Contribution Credit in ProConnect Tax

SOLVEDby Intuit2Updated July 14, 2023
  • ProConnect Tax will typically generate this credit automatically based on your IRA contribution entries in Input Return Income Wages, Salaries, TipsInput Return Income Pensions, IRAs (1099-R), and Input Return Deductions Adjustments to Income.
  • If your client meets all the conditions for the credit, but the form isn’t generating, make sure that your inputs are marked accurately as Taxpayer or Spouse. Additionally, if the credit is being reduced by a pension distribution on line 4, see Form 8880 Not Generating Credit Due to Pension Distributions below.

Calculations and limitations addressed in this article may be impacted by inflation adjustments for the year. To see the IRS annual inflation adjustments for tax year 2021 and 2022 see here.

How do I prevent Form 8880 from generating?

To suppress the taxpayer’s credit because the taxpayer was claimed as a dependent:

  1. Go to Input Return General  Client Information.
  2. Scroll down to Taxpayer Info.
  3. In Dependency Status, select Taxpayer claimed as a dependent.

To suppress the credit because the taxpayer or spouse was a student (Option 1):

  1. Go to Input Return General  Client Information.
  2. Scroll down to Taxpayer or Spouse Information.
  3. Type "Student" in Occupation.

To suppress the credit because the taxpayer or spouse was a student (Option 2):

  1. Go to Input Return Credits CTC, EIC, Oth Credits.
  2. Select the Retirement tab.
  3. Enter 1 in 1=student or dependent, 2=not a student [Override].

To suppress the spouse’s credit because the spouse was claimed as a dependent:

  1. Go to Input Return Credits CTC, EIC, Oth Credits.
  2. Select the Retirement tab.
  3. Enter 1 in 1=student or dependent, 2=not a student [Override].

Form 8880 Not Generating Credit Due to Pension Distributions

This section explains what to do if Form 8880, Credit for Qualified Retirement Savings Contributions, isn't generating a credit due to a current year distribution.

  • This can happen if the taxpayer meets all the conditions, but distributions entered on Input Return Income  Pensions, IRA Distributions are included on Form 8880, line 4 and have reduced or eliminated the amount of credit.
  • According to the instructions for Form 8880, distributions not from a traditional or Roth IRA, or an elective deferral plan, shouldn't be included.

See Form 8880 instructions for more information.

How to exclude gross distribution, including rollovers, on Form 8880, line 4

  1. Go to Input Return Income  Pensions, IRAs (1099-R)
  2. Select the Other Information tab.
  3. Check the box Distribution not from IRA or elective deferral plan (8880).

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