abctax55
Level 15

Nope, it's not done automatically.  I'm guessing because outside basis issues would need to be considered?

You should get a diagnostic on the individual return that the distributions in excess "may" need to be reported, as well as the need to adjust basis info on the Screen 22.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

View solution in original post