@buntypatel3 wrote:
Hi,
I performed a backdoor in March 2020 for 2019 and also for 2020. I put 6k for each year (12k total) and then back doored it over to my Roth. I'm having some trouble reporting it on turbo tax. I was reading online that if the backdoor is not done on the same year then you have to file your taxes a certain way. When I get to the IRA Contributions part do I select that I contributed only for Roth or Traditional as well? Would I put $0 for traditional and $6000 for Roth? What would I do next year when I file for my 2020 tax returns with the 1099-R?
Thanks
If you converted to a Roth after Dec 31, 2019 then it is a *2020* conversion that will be reported on your 2020 tax return next year. The April 15, 2020 date applies ONLY to 2019 contribution, not to conversions. Also any 2019 non-deductible basis contributed in 2020 only applies to 2020, the basis is not retroactive to 2019.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
