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- Adjust cumulative basis in ROTH IRA
Adjust cumulative basis in ROTH IRA
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DanF
Level 1
03-19-2023
11:07 AM
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Hi - a client has done "back door ROTH IRA" conversions for many years. I noticed that the basis carried forward from prior years is incorrect. I can't find a way to correct / adjust it in ProConnect. Does anyone know how to adjust this? Thank you
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Strongsilence-C
Level 9
03-19-2023
11:09 AM
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I use LC but I know that you can go to Form 8606 and RT-Click and choose Go To Input
PhoebeRoberts
Level 11
03-19-2023
11:35 AM
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It's in Adjustments to Income under Deductions, in the Roth IRA section.
