skweaver
New Member

Retirement tax questions

Thanks so much for your response @dmertz!

 

My personal ROTH IRA has been a ROTH IRA since I opened it in 2016, however on my taxes it has always been listed as a traditional IRA. My employer only has 401K contributions and not any IRA contributions. 

 

To clarify I would file a 8606 for each of the three years to claim my ROTH IRA as in fact a ROTH and not a traditional IRA? Do you anticipate I will need to pay back taxes for this? Also will I need to file a 1040 form as well?

 

Thanks again.