topic Traditional IRA Recharacterization and Roth IRA Conversion at next year before extension in Get your taxes done using TurboTax

Traditional IRA Recharacterization and Roth IRA Conversion at next year before extension

gene20 — Tue, 24 Feb 2026 07:30:32 GMT

I have a complex IRA contribution issue:

on 12/12/2022: made Roth IRA contribution of $5000 for Year 2022

on 02/27/2023: made Roth IRA contribution of $1000 for Year 2022

on 04/15/2023: filed federal tax extension

on 10/01/2023: re-characterized $6000 + gain to Traditional IRA, due to income limit

on 10/16/2023: filed 2023 tax extension with recharacterization reported.

Then I realized I have until 11/16/2023 to file my extension because I am living in California county which was declared as national disaster area. So I am planning to do backdoor conversion of $6000 from traditional IRA to Roth IRA. My question is, do I need to amend 2022 return to report this conversion? If so, how? And if not, how do I report both re-characterization and the backdoor conversion in 2023 tax?

Re: Traditional IRA Recharacterization and Roth IRA Conversion at next year before extension

dmertz — Mon, 30 Oct 2023 12:27:03 GMT

The filing deadline being extended to 11/16/2023 has nothing to do with your situation. If you do a Roth conversion in 2023, it reportable on your 2023 tax return. Roth conversions are performed in a particular year, not for some other year.

$6,000 plus gains was the amount transferred to accomplish the recharacterization, not the amount recharacterized. You recharacterized $6,000.

Re: Traditional IRA Recharacterization and Roth IRA Conversion at next year before extension

gene20 — Tue, 31 Oct 2023 04:12:20 GMT

Thanks a lot!