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Level 1
March 13, 2023
Question

I cannot get program to create the Form 8606. Does anyone know why?

  • March 13, 2023
  • 1 reply
  • 12 views
Input all IRAs into program and added Value of all IRAs figure.  Will not create Form 8606.  Does anyone know why?
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1 reply

itonewbie
Level 15
March 13, 2023

Follow the instructions in this article.  ProConnect Tax works the same way as Lacerte, which is the engine under the hood:

https://proconnect.intuit.com/support/en-us/help-article/retirement-tax-credits-deductions/form-8606-nondeductible-iras-generating-lacerte/L2m9zXMD1_US_en_US

Just substitute the following:

  • Screen 24, Adjustments to Income: Deductions > Adjustments to Income
  • Screen 13.1, Pensions, IRA Distributions: Income > Pensions, IRAs (1099-R)
---------------------------------------------------------------------------------Still an AllStar