DanaB27
Employee Tax Expert

Retirement tax questions

To clarify, when was the IRA contribution for 2024 made? And when was it converted? Was there a balance in all of his traditional IRAs on December 31, 2024?


 

If the 2024 contribution was converted also in 2025 with the nondeductible traditional IRA contribution for 2025 then you should have a 2025 Form 1099-R showing the total for this conversion (around $16,000)  and you will need to review your entries in the retirement section.


 

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