On the Form1099-R Worksheet, line B 4, ProSeries calculates how much of a distribution can be converted to a Roth. I don't understand where this figure is coming from. I thought you could convert as much as you want from a Traditional IRA to a Roth.
I appreciate your thoughts.
@Shirley79 wrote:
The 1099-R is $75,412. B 4 of the 1099-R worksheet calculates to $46,030. I converted $50,000.
Box 1 and 2 of the 1099-R are the same. Box 4 has the tax withheld. Box 7 code is 7. It's an IRA.
That is really odd, and I can't replicate what you are seeing.
Have you tried deleting the 1099-R worksheet and re-entering it, in case there is some weird glitch with it?
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