Hello, I am using the desktop Home & Business version of TT
I have used the step by step now 5 times and deleted the form and tried it again. I am walked through the process for both my husband and myself to contribute $7500 each to our Roth IRA.
The $7500 shows up Line 19 of the IRA Contribution Worksheet. Then I go to the IRA Information Worksheet where it has Line 23 showing the cumulative totals of both our Roths coming in from 2022. Then Line 51 which is the balance going forward into 2024 is the same numbers. The $7500 for each of us is not showing up on Line 33 - Regular Roth Contributions.
Because of that the $7500 each is not populating over to the 8880 so it is only showing my husband's W2 401K Contribution thus giving us only a $200 credit. Line 1 of the 8880 has nothing there and I cannot override that area to put the numbers in. When I type $7500 each onto Line 33 myself of the IRA Information Worksheet which is missing the numbers that should be there, it still does not populate over to the 8880. It will correctly add the number for the basis moving to 2024.
I don't know what to do to fix this, I cannot override Line 1 of the 8880.
On the Total 2023 Deductions & Credits Page under the Retirement & Investments category - first line "Traditional and Roth IRA contributions" it shows $14000 last year and $0 for this year.
So even with the $7500 for each of us is on Line 19 it is not moving to anywhere else.
