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jetedford
New Member

Vanguard backdoor Roth IRA error in 2020. Put the money in a Roth IRA Brokerage Account. Recharacterized to Traditional in 2021, then back to Roth and purchased ETFs.

In 2020, I invested in my 2020 IRA. I messed up and put the money in my Roth IRA Brokerage account Money Market Fund, when it should have gone in my traditional IRA brokerage account. I did not purchase any ETFs, so the money stayed in that account for the remainder of 2020. In 2021, I realized my mistake and called Vanguard to help me out with my mistake. I transferred the money to my Traditional IRA for a few days, then converted it to a Roth IRA and purchased my ETFs. 

Now I am working on my taxes, but since I didn't purchase any funds in 2020, I do not have a 1099-R form to enter into TurboTax Premiere. 

Can someone help me out with how I need to enter this after-the-fact Backdoor Roth IRA conversion into TurboTax without my 1099-R form? 

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1 Reply

Vanguard backdoor Roth IRA error in 2020. Put the money in a Roth IRA Brokerage Account. Recharacterized to Traditional in 2021, then back to Roth and purchased ETFs.

I am also in the same situation. i did purchase ETF in 2020 from Roth IRA distribution but then recharacterize the complete amount to Tradition IRA in 2021. The money grow there by couple of hundred dollars. Now i moved the money back to Roth IRA (backdoor conversion). Vanguard told me that they will provide the 1099 R form for this transaction in 2022 so can I file taxes for the amount that grow before i make backdoor roth coversion along with 2021 taxes or i need to add it in my 2020 taxes.

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