Individual retirement account FAQs (1040)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

The following includes answers to common questions about processing individual retirement accounts for 1040 returns.

How is compensation for calculating IRA contributions determined for a married filing joint client?

Is the calculation the same when using the calculated traditional IRA deduction option versus entering a traditional IRA contribution amount?

What is the overall contribution limit for traditional and Roth IRAs?

How do I enter traditional IRA contributions?

How do I enter Roth IRA contributions?

Why is the amount of Roth IRA contribution different from the amount used in the return?

I have a client who received a distribution from a traditional IRA and also made a nondeductible 2017 contribution to a traditional IRA in 2018. How do I enter this in order to have Form 8606 calculate correctly?

How do I enter a nondeductible contribution to a traditional IRA?

I have a client who received a distribution from an IRA that was rolled over into another IRA. How do I report this?

I have multiple 1099-R distributions from IRAs in a client. Where can I see a summary of all distributions?

What are the print conditions for Form 8606?

Why are lines 4 through 13 of Form 8606 not being calculated?

What is the Taxable IRA Distributions with IRA Contributions worksheet used for?

When Form 1099-R, box 7, contains T, how do I complete the data entry for Screen 1099R?

What are the general reporting requirements for Roth IRA distributions, conversions, or recharacterizations?

Why aren’t the IRA distributions from Form 1099-R reducing the basis on Form 8606 - Nondeductible IRAs?

Why are 1099-R distributions that are coded P not on Form 1040?

Why is Screen Keogh grayed out when the Schedule K-1 is from an S Corporation?

What should I enter in the Conversion from traditional IRAs to Roth IRAs field in Screen IRA?

How do I enter an IRA recharacterization?

Share This