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morg1389
New Member

Do I need to amend my 2016 tax return if I contribute to a traditional ira after filing and convert it to a backdoor Roth? Is there a special tax form I need to fill out?

My income is low enough where I qualify for full deduction of my traditional Ira contribution, however I've already filed my 2016 tax return.
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dmertz
Level 15

Do I need to amend my 2016 tax return if I contribute to a traditional ira after filing and convert it to a backdoor Roth? Is there a special tax form I need to fill out?

If you now make a traditional IRA contribution for 2016, you must amend your already filed 2016 tax return, either to add a deduction for the contribution or to add Form 8606 to report a nondeductible contribution.

Any Roth conversion you do in 2017 will be reportable on your 2017 tax return and has no effect on your 2016 tax return.

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dmertz
Level 15

Do I need to amend my 2016 tax return if I contribute to a traditional ira after filing and convert it to a backdoor Roth? Is there a special tax form I need to fill out?

If you now make a traditional IRA contribution for 2016, you must amend your already filed 2016 tax return, either to add a deduction for the contribution or to add Form 8606 to report a nondeductible contribution.

Any Roth conversion you do in 2017 will be reportable on your 2017 tax return and has no effect on your 2016 tax return.

View solution in original post

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