Backdoor Roth. Do I report a 2016-R for non-deductible IRA that I created in Jan 2016 for 2015 year on my 2016 return even though I reported it on my 2015 return?

[pken]

I received a 2016 1099R for my non deductible IRA which I converted to a ROTH.  I did both in Jan. 2016 for the 2015 tax year. I reported both in my 2015 tax return.  However, I just received the 2016 1099R for the IRA.  Do I report it on my 2016 tax return even though I reported it on my 2015 tax return?  Also, I plan on contributing to a non-decutible IRA and converting to a ROTH now (in 2017) for the 2016 tax year.  How will that affect the 1099 that I received?

[dmertz · Accepted solution]

Roth conversions are made in a particular year, not for a particular year.

The Roth conversion performed in January 2016 is reportable on your 2016 tax return, not your 2015 tax return.  If you reported the Roth conversion on your 2015 tax return, you'll need to amend your 2015 tax return to remove that.  You'll still report the nondeductible traditional IRA contribution for 2015 on your 2015 tax return.

The January 2016 Roth conversion and the traditional IRA contribution that you plan to make for 2016 must be reported on your 2016 tax return.  Any Roth conversion you perform in 2017 must be reported on your 2017 tax return.

[pken]

Thank you!  I now understand.