topic Amend returns for missed Roth conversion in After you file

Amend returns for missed Roth conversion

vibinsv09 — Mon, 23 Feb 2026 14:12:05 GMT

I missed to report conversion of my traditional IRA balance to Roth IRA on my 2020 returns. Am I supposed to file an amended return for this? Adding this information does not affect my taxes but affects the basis of my Roth IRA.

Re: Amend returns for missed Roth conversion

MaryK4 — Sat, 25 Mar 2023 02:39:12 GMT

Because Roth IRA distributions are not taxed on contributions or earnings, you do not have to amend your 2020 return just to report you basis. I do caution you to make sure you keep the records because it may become an issue later since it was not reported.

Re: Amend returns for missed Roth conversion

vibinsv09 — Sat, 25 Mar 2023 02:59:47 GMT

Thank you.

Is there a way to update the gap in basis through my 2022 returns in turbo tax?

Re: Amend returns for missed Roth conversion

fanfare — Sat, 25 Mar 2023 05:55:18 GMT

If you did not report, then you did not file 2020 Form 8606 for the conversion.

Eventually, IRS is going to want to know "why not ?"

@vibinsv09