dmertz
Level 15

Retirement tax questions

Roth conversions are performed in a particular year, not for a particular year.  The Roth conversion is to be reported on the tax return for the year in which the distribution from the traditional IRA occurs no matter what year the traditional IRA contribution was made for.

 

Because you received two From 1099-R in 2023, I suspect that you meant to say that in January of 2023 you made a traditional IRA contribution for 2022 and immediately converted to Roth, then later in 2023 (or at the same time, you made a traditional IRA contribution for 2023 and converted that in 2023.  If that's the case, you did two Roth conversions in 2023, both of which are reportable on your 2023 tax return and your 2022 tax return correctly shows no Roth conversion having been done in 2022.

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