1040-US: IRA recharacterization overview

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

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How do I enter an IRA recharacterization?


Enter in Screen 1099R the fair market value in box 1, 0 (zero) in box 2a, and code R or N in box 7. Also in Screen 1099R-3, enter the original contribution or conversion amount in the Original conversion or contribution amount field, and the following recharacterization types as appropriate.

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