Retirement tax questions


@xdye wrote:

Thanks for the detailed explanation that is very helpful. I guess I still didn't make my question completely clear. What I did is backdoor Roth IRA, basically contribute to after-tax traditional IRA and immediately convert it to Roth IRA. There is no tax implication involved here and simply need to report this contribution to IRS. In this case do I need to file an amendment or it's okay to mail a standalone 8606 form to IRS? Thank you


If it was a 2019 contribution for 2019 and a 2019 Roth conversion and there was no 2019 8606 then you did NOT do a backdoor Roth.   That requires a 8606.   To do it properly you must amend 2019.  It is not simply a 8606.

**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.**