IRA glitch in software?

Forum|Forum|3 years ago
June 15, 2023
3 replies
7 views

Maybe this isn't a glitch. What do you think?

I set the Individual tax return to maximize a Traditional IRA and to maximize a Roth IRA. The TP qualifies for either type.

It chooses the Traditional IRA.

It doesn't tell me why it chooses the Traditional.

Lacerte Tax

This topic has been closed for replies.

K

Karl

Intuit Community Champion

I wouldn't call that a glitch. It'd be nice to have it pop up as an info diagnostic. I'd recommend you post in the Tax Ideas Exchange. Link that post here as a reply and I'll happily upvote it for you.

*If this (or another answer/reply) solves your problem, please click "Accept as Solution" to get this post out of the "Unanswered" queue of posts.*

BobKamman

Level 15

Why would it ever maximize a Roth? Isn't it just telling you whether the taxpayer qualifies for an IRA deduction? How would it know the benefits of a Roth without knowing the tax bracket at time of withdrawal?

qbteachmt

Level 15

It "chooses" the Trad because it has an impact on the tax owed; it does the math and sees the tax owed was reduced.

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