@laske wrote:
Hi,
Me and my wife are filling jointly. Here is the timeline for our IRA contributions and roth conversions.
For 2019 Contributions
* My IRA contribution - 06/2019
* Roth Conversion - 06/2019 (immediately)
* Wife's IRS contribution - 01/01/2020
* Wife's Roth conversion - 02/2020
The wife's 2019 contribution made in 2020 *for* 2019 could only be reported on your 2019 tax return as a non-deductible contribution that would produce a 2019 8606 form with the contribution on line 1,3 and 14.
You only enter 2020 contributions on the 2020 tax return.
When doing the 2020 conversion the 2020 contribution entered in the IRA contribution section will be applies to a 2020 8606 line 1 and the 2019 contribution that you enter in the 1099-R interview comes form line 14 on the 2019 8606 form.
**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.**
