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Level 2
March 19, 2023
Question

Adjust cumulative basis in ROTH IRA

  • March 19, 2023
  • 2 replies
  • 9 views

Hi - a client has done "back door ROTH IRA" conversions for many years.  I noticed that the basis carried forward from prior years is incorrect.  I can't find a way to correct / adjust it in ProConnect.  Does anyone know how to adjust this? Thank you

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2 replies

Level 10
March 19, 2023

I use LC but I know that you can go to Form 8606 and RT-Click and choose Go To Input

PhoebeRoberts
Intuit Community Champion
March 19, 2023

It's in Adjustments to Income under Deductions, in the Roth IRA section.