Roth IRA conversion - choosing two-year tax pmt

[Catherine]

Several clients this year have had Roth conversions. This is the first one who wants to pay the tax half in 2011 and half in 2012.

I can't find where in ATX to make this election -- didn't find an election choice, there was nothing on any of the 1099-R input or IRA info sheets...

I'm sure it's obvious and I've tripped over it a half-dozen times without seeing it - but could someone please let me know where it is?

Thanks,

Catherine

[Lion EA]

I don't know how ATX handles it, but the default is to claim over the next two years. So, look for a checkbox or something if you want to take all income in 2010. (Only jumped in here since no ATX user had answered yet!)

[pcmcpa]

Look at Part II on Form 8606, you should see the income broken out between 2011 and 2012. Also if you look at the Tax Summary/Carryover Summary, it appears on the carryover summary.

[Catherine]

Thank you Lion & pcmcpa both. Found the checkboxes etc. However, this being ATX, some of the links don't work properly and I had to over-ride a number of fields to get them to populate correctly.

[jainen]

>>Several clients this year have had Roth conversions<<

Your question should not be how to elect the two-year carryover for this client, because that is automatic under the law. Your question should be how (or if) you elected OUT of that treatment for the other clients.