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TaxPandaCPA
Level 4
April 2, 2024
Solved

BUG!! THERE IS AN ISSUE WITH ROTH IRA CONTRIBUTION AND SUMMARY SHEET

  • April 2, 2024
  • 3 replies
  • 11 views

ENTERED CLIENTS' ROTH Contribution today in  Adjust to income $5,000 the summary sheet shows $200.THERE IS AN ISSUE WITH ROTH IRA CONTRIBUTION AND SUMMARY SHEET

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    Best answer by sjrcpa

    Only post once.

    https://accountants.intuit.com/community/proconnect-tax-discussions/discussion/bug-generated-a-number-that-was-never-entered-very-concerned/00/297149

    And check the rules and limits before you accuse the software.

    3 replies

    qbteachmt
    Level 15
    April 2, 2024

    A Roth contribution doesn't adjust income.

    Don't yell at us; we're volunteers
    sjrcpa
    sjrcpaAnswer
    Level 15
    April 2, 2024
    The more I know the more I don’t know.
    TaxPandaCPA
    Level 4
    April 2, 2024

    k

    Hope it helps. Thank you in advance for marking mine as your "BEST answer"!
    dkh
    Level 15
    April 2, 2024

    Is the $200 the Retirement Savings Contribution Credit - F8880   ???

    TaxPandaCPA
    Level 4
    April 2, 2024

    no its the actually the amount contributed

    Hope it helps. Thank you in advance for marking mine as your "BEST answer"!