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sagnique
New Member

Did I make a Roth contribution for 2024? (I did backdoor conversion from traditional IRA to Roth IRA. Should I answer Yes or No?)

 
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3 Replies

Did I make a Roth contribution for 2024? (I did backdoor conversion from traditional IRA to Roth IRA. Should I answer Yes or No?)

the reason for the backdoor move is you were not allowed to make a contribution.

 

@sagnique 

Did I make a Roth contribution for 2024? (I did backdoor conversion from traditional IRA to Roth IRA. Should I answer Yes or No?)

No a conversion or rollover is not a new contribution.  Only enter the 1099R.  Do not enter it under Deductions.  

dmertz
Level 15

Did I make a Roth contribution for 2024? (I did backdoor conversion from traditional IRA to Roth IRA. Should I answer Yes or No?)

Answer No.  A backdoor Roth involves a traditional IRA contribution, not a Roth IRA contribution.

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