Lord Happy
Level 5
03-30-2021
01:19 PM
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Happy day....nice to find an old issue to re-use. A client receives a 1099-R with code 7 and the IRA box marked. The preparer and....ahem....reviewer...confirmed that it was a conversion, but failed to mark the B5 box on the 1099-R worksheet, resulting in lines 16-18 on the 8606 having no amounts.
When I mark the B5 box, the 8606 correctly populates. There is no change in tax. The instructions for amending the 8606 are not precisely clear for our circumstance. Options:
1. Efile the 1040X with zero tax change and be sure the 8606 is filed with it
2. Sign and mail the 8606.
And so, I ask you, the amazing people of this forum...what is the appropriate course of action?