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