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janes0
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Aren't conversions of traditional ira funds to a roth ira fund prior to April 18, 2017 still treated as a 2016 tax year event (or a 2017 tax year event if desired)?

 
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dmertz
Level 15

Aren't conversions of traditional ira funds to a roth ira fund prior to April 18, 2017 still treated as a 2016 tax year event (or a 2017 tax year event if desired)?

No.  Roth conversions are income for the year in which the distribution converted to Roth occurs.  If the distribution from the traditional IRA occurs in 2017, it's reportable on your 2017 tax return.

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3 Replies
dmertz
Level 15

Aren't conversions of traditional ira funds to a roth ira fund prior to April 18, 2017 still treated as a 2016 tax year event (or a 2017 tax year event if desired)?

No.  Roth conversions are income for the year in which the distribution converted to Roth occurs.  If the distribution from the traditional IRA occurs in 2017, it's reportable on your 2017 tax return.

Aren't conversions of traditional ira funds to a roth ira fund prior to April 18, 2017 still treated as a 2016 tax year event (or a 2017 tax year event if desired)?

the deadline for a conversion to Roth is December 31st.

Aren't conversions of traditional ira funds to a roth ira fund prior to April 18, 2017 still treated as a 2016 tax year event (or a 2017 tax year event if desired)?

You are thinking of *new* IRA *contributions* that can be made for the previous tax year up until the due date of that tax years tax return - April 18, 2017 for the 2016 tax year.   That has nothing to do with rollovers or conversions that cannot be retroactive.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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