New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

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

Answer

When the distribution code is T (Roth IRA distribution, exception applies), complete the fields in 1099R as follows.

1. Enter the gross distribution in the Gross distribution field.
2. Leave the Taxable amount field blank.
3. Mark the Taxable amount not determined checkbox.
4. Leave the IRA\SEP\SIMPLE field blank.
5. If applicable, mark the Contributions (or conversion) made 5 or more years ago field in Screen 1099R-3.

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