I contribute to regular IRA and did a backdoor to Roth IRA in 2020. I have already filed a tax return now I need to file an amendment. What to report and what not?
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I contribute to regular IRA and did a backdoor to Roth IRA in 2020. I have already filed a tax return now I need to file an amendment. What to report and what not?
My understanding is
1) I should report the regular IRA contribution (happened in 2020) in the amendment.
2) I should report the conversion to Roth in next year's return (which I will receive a 1099-r).
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