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Get your taxes done using TurboTax
My daughter reported the 529-to-Roth IRA rollover as a Roth IRA contribution in the 2024 tax return. Also, in the 2024 IRS Pub 590-A on page 44, it says, "A distribution made after December 31, 2024, and before April 15, 2025, that is rolled over to a Roth IRA by April 15, 2025, and designated for 2024 would be reported as a Roth IRA contribution for 2024." This confirms your earlier comment. Thank you!
March 16, 2025
1:23 PM