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Retirement tax questions
Upon reporting a Trad IRA contribution (non-deductible) on your tax return, you can then also report a Roth conversion of the contributed amount for net tax of zero, unless your IRA previously had value exceeding basis.
In that case, it can't be done tax free.
to report a non-deductible contribution for 2024 , 2024 Form 8606 must be filed.
The conversion happened in 2025. You report it on your 2025 tax return.
March 30, 2025
8:32 PM