BG2
Level 1
03-28-2021
09:26 PM
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abctax55
Level 15
03-28-2021
09:44 PM
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1040 + the corresponding state return if applicable.
"*******Tax software is no substitute for a professional tax preparer*******
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BG2
Level 1
03-28-2021
09:59 PM
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I THOUGHT I WOULD HAVE TO USE A 8606 FORM
Just-Lisa-Now-
Level 15
03-29-2021
06:14 AM
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What software are you using?
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BG2
Level 1
03-29-2021
10:30 AM
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I am using ProSeries.
Just-Lisa-Now-
Level 15
03-29-2021
11:01 AM
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You'll input the IRA contribution on the IRA worksheet (you can link to it from Line 19 of the 1040/1040SR worksheet). The 8606 may or may not play a part in this reporting, depending on other details and circumstances of the return.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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BG2
Level 1
03-29-2021
12:01 PM
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I NEED TO OFFSET A DISTRIBUTION TAKEN IN OCT. 0F 2020 FROM A IRA.
sjrcpa
Level 15
03-29-2021
12:04 PM
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That sounds like an indirect rollover.
Ex-AllStar
Just-Lisa-Now-
Level 15
03-29-2021
12:17 PM
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So you have a distribution that was rolled back into the account within 60days?
That's an indirect rollover and would get input down on Page 2 of the 1099R worksheet.
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