AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

You will only be able to report half of the back door Roth steps on your 2023 tax return since the conversion actually took place in 2024, not 2023.  

 

You are still allowed to contribute to your Traditional IRA for 2023 before the due date of the tax return.  So, that will be reported on your 2023 return as a non-deductible contribution.  

 

Delete the Form 1099-R that you created.  If you were to receive one (which you should), it would be a 2024 Form 1099-R because the conversion happened in the 2024 calendar year.  Whether or not you received the money in hand is irrelevant to whether you will receive a Form 1099-R.  There was still a distribution made from the Traditional IRA and that should be reported on Form 1099-R, but for 2024.

 

If you need help with reporting the non-deductible Traditional IRA contribution, take a look at the steps shown in the following TurboTax help article:

 

How do I enter a backdoor Roth IRA conversion?

 

@1csm 
 

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