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New Member
posted Jan 30, 2023 5:10:34 PM

Re: Nondeductible Contributions to IRA with Roth Conversion

I do not have a 1099r for 2021 because I made the contribution for 2021 in the period between Jan 2022-Apr 2022, which is allowed.  So the 2022 1099R has 12,000.  Should I amend my 2021 return to show the nondeductible contribution of 6,000?  Or just claim everything for 2022 as 12,000?

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Expert Alumni
Feb 2, 2023 7:08:19 AM

Yes, you can make a Roth IRA contribution after you file your return.  You do not need to amend the previous year's return.  A few requirements for your contributions to count in the prior year are:

 

  1. contributions must be made with income earned in 2021
  2. the contribution must have been made before the 2021 tax filing deadline

 

When filing your taxes with TurboTax, you will be asked questions about your contributions.  To enter the Roth IRA into TurboTax, you can follow these steps:

 

To enter your 2022 IRA contributions (money you put into your IRA):

  1. Sign in to your TurboTax account
  2. Open or continue to your return
  3. In the search bar, type ira contributions and select the Jump to link in the search results
  4. We'll take you to the Traditional IRA and Roth IRA screen, where you can start the IRA interview

For more on Roth IRA Contributions, see the link below:

 

Reporting Roth IRA Contributions