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Deductions & credits
@WendyN2 wrote:
If that is correct, given that you've converted it before the April 15th deadline
Sorry, but that is incorrect. *contributions* for 2020 can be made up to the April 15 due date, but any *distribution* (including distributions for conversions) for 2020 had to be completed prior to Dec. 31, 2020. After Dec. 31, it is a 2021 conversion reported on 2021 tax return next year.
**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.**
March 7, 2021
3:13 PM