plkrout
Level 1

A client has an early distribution from a Roth IRA. I've entered $0 taxable in box 2, Dist code J, and check-marked Roth IRA, but it is included on the 1040 line 4 as taxable income, (in addition to the 10% early withdrawal penalty). Is this a ProSeries Basic error, or am I missing something?

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garman22
Level 13
Level 13

Do you have the clients basis entered? It's probably picking it up as income because there is no basis entered. 

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Just-Lisa-Now-
Level 15
Level 15
Yep! Gotta have basis!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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plkrout
Level 1
Doh!  That was it - thank you!   
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garman22
Level 13
Level 13
:+1: you bet!:+1:
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