Hello,
I am planning on making a backdoor Roth IRA contribution for tax year 2020 taking advantage of the extended tax filling date. This contribution would be made right now, April/May 2021. My two questions here are:
- Does the 2020 tax filling extension also applies to contributions that can be made to a ROTH IRA for the 2020 year?
- How to report this event? Would I need to report a contribution to a Traditional IRA account when filling my 2020 taxes, and then next year report the conversion when filling for tax year 2021?
