Non deductible IRA distribution

[cowboys15]

Client took a distribution from a non deductible IRA.  He contributed the money back in 2005 thru 2007, Basis $8000.  Took the total IRA valued at $16644.  The  1099R shows 16644 total, 16644 Taxable, with code 7.  Form 8606 has been filed in previous years, showing the 8000. How do I show this in Lacerte, so that he is not taxed on the whole thing?

[George4Tacks · Accepted solution]

Screen 24 Form 8606 (Part I) should already have the IRA basis for 2017 and earlier years. ($8,000)

Screen 13 Form 8606 in the lower left Section - be sure to enter the Value of alll.... as on 12/31/18. (Use -1 for Zero, if appropriate)

Assume they ONLY had that one non deductible IRA, the $8,644 should show up as the taxable portion. 

[cowboys15]

He did only have the one... However, I put -1 in screen 13 lower section because the value as of 12/31/18 was zero... He actually took the money in September... I even tried putting in the 16644 in that field... the taxable amount is still 16644.  What am I doing wrong?

[George4Tacks]

Did you check the box for IRA in Screen 13?

[cowboys15]

Duh!  Thank you so much!