teachernurse
Returning Member

Backdoor Roth

Married filing jointly. Made two $6000 traditional IRA contributions (one for each of us) after filing our 2020 taxes were filed, but before April 15, 2021. These were immediately moved to our Roth IRAs in order to do a backdoor Roth conversion. We did not claim our traditional IRA contributions on our 2020 taxes because our taxes were already done for 2020 when we made the contributions, but I received form 5498s for tax year 2020. I also, of course, received 1099-Rs for the transfer from our traditional to Roth accounts for the 2021 tax year. Do I file an amended return for 2020 and utilize the form 5498 to deduct the contributions and then submit the 1099-R on my 2021 taxes? Or, is there a better way to handle this since we never deducted the original contributions?