Adjustments Menu

Other Adjustments - 2021 and forward

Any of the amounts flowing to this menu from another part of the tax return can be adjusted if need.

Other Adjustments - 2020 and prior

The Other Adjustments menu contains several adjustments that are deducted from income to calculate Adjusted Gross Income.

Where Do I Report Contributions to a Roth IRA?

Contributions to a Roth IRA are not deductible, so these amounts are not reported on the tax return, and qualified distributions (distributions that are a return of contributions) are not taxable.

Prior to 2021: Form 8917 - Tuition and Fees Deduction

The Tuition and Fees Deduction has been suspended for tax years after 2020.

Deductible Attorney Fees

For business returns, attorney fees incurred by a business for business matters are most often considered tax deductible expenses.

Form 8606 - Roth IRA Distributions

A Roth IRA must be in place for a full 5 years prior to any withdrawal.

Form 8606 - Nondeductible Contributions to a Traditional IRA

An IRA contribution is nondeductible if the amount contributed exceeds the contribution limit established by law.

Form 8606 - Backdoor Roth IRA Conversion

Among the purposes of Form 8606 is reporting a "backdoor Roth IRA" conversion, the non-IRS term for converting funds from a traditional IRA or 401(k) plan into a Roth IRA.

Form 1099-LTC - Long Term Care and Accelerated Death Benefits

Insurance companies, governmental units, and viatical settlement providers issue Form 1099-LTC to long-term care insurance policyholders and insureds when long-term care benefits are paid out.

Adjustments to Income Menu

IRS Form 2106 - Deductible Business Expenses

Form 2106 is used to calculate the amount of unreimbursed employee business expenses the taxpayer can deduct as an adjustment on Schedule 1.

Converting a Traditional IRA to Roth IRA

A taxpayer who converted a traditional IRA to a Roth IRA will be issued Form 1099-R showing the total distribution from the traditional IRA.