T-roy1
Returning Member

If made I made 2023 and 2024 Trad IRA contributions and full conversions to Roth IRA all in January 2024, how to complete Form 8606? For which years?

Tax year 2022 was my first year for traditional IRA contribution, and in the same year (around March 2022), I did a full conversion to a Roth IRA (backdoor Roth IRA). Thus from April 2022 through December 2023 my Traditional IRA balance was $0. In January 2024, I made traditional IRA contributions for tax years 2023 and 2024, and I also converted both into Roth IRA (backdoor) within a week. I never received a 1099R for 2023. In January 2025, I received a 1099R listing the tax year 2023 and 2024 contributions. 1) For which tax years should I submit Form 8606? 2) If both 2023 and 2024 contributions will be on the same tax year 2024 Form 8606, where in Parts I and II do I list just the tax year 2023 amount, just the tax year 2024 amount, and the total amount contributed/converted in January 2024 for the combined 2023 and 2024 tax years? 3) What other year forms or fields should be filled or adjusted?