@dmertz
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In one of his posts above...he did say he received a 1099-B for this transaction (6:58AM Pacific).....then later indicated he didn't (7:25:AM)
Maybe that needs to be cleared up first....if he did get a 1099-B for this year's contribution, wouldn't that indicate the fund company effectively sold the shares...transferred cash....then bought same shares in the Roth IRA ?
Perhaps he needs to double-check his account to ensure that fund doesn't appear on a 2020 1099-B as a sale. In some situations, 1099-B's may not have been created yet....some just recently, and if the person held REITs in their taxable account the 1099-B may not show up until March.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
