DaveF1006
Expert Alumni

Retirement tax questions

To clarify, read this reference in  this Turbo Tax post written by esteemed expert DavidD66. He states that "A Roth conversion is only recognized for the year it occurs".  In this case, you will report this conversion on your 2023 return.

 

Although, you do have 60  days to make the conversion, the conversion will be reported in the year it was actually completed and not initiated.  

 

{Edited 1/30/23} 9:06 AM PST} @jhbrown42

 

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