teachernurse
Returning Member

Retirement tax questions

Our income is over the married filed jointly threshold to contribute directly to the Roth. This was our first time contributing to a traditional IRA. There was no previous balance and the balance is now a few cents in both accounts (until we make another contribution), so there was no interest accumulated in the Traditional Roth before the conversion. Your reply about filing an amended return for 2020 and then reporting the conversion on my 2021 return was what I assumed that I needed to do. Thank you for your help!