Roth Conversion Entry in ATX

[JohnH]

I'm running a preliminary on a return with a Roth Conversion from a Traditional IRA. Taxpayer is over 59-1/2 and wants to pay the tax on the entire distribution in 2010. (No splitting between years)

I entered the amount in Box 1 & 2a of the 1099-R input screen. Checked the IRA/SEP/SIMPLE box and entered Code 7 in Box 7. Then under the "Conversions from Traditional SEP, etc" section I checked the box and enter the total converted amount in the blue box to the right.

However, when I look at page 1 of the 1040, the total shows up in 15a but not in 15b. Now if I go back and change the entry in the blue box to -0-, at all shows up on 15b as it's supposed to.

I can live with the entry if that's what it takes to get the figure on the 1040, but what's the deal here? It seems to be operating in exactly the opposite manner from what it says. Can anybody tell me what I'm doing wrong based on the above info? Thanks.

[neilbrink]

There should be a form 8606 pop up. The front needs a check mark at the top, and the back should fill in with the correct information from the 1099R, which should then transfer correctly to the 1040. Hope that helps.

[JohnH]

Yep, that did it.

Amazing how it works when we fill in all the forms...

Thanks

[kcjenkins]

Just imagine trying to do a return by hand today, given all the complexity they have added just because they know we are using computers!