Solved: Form 8606 - Line 3 and Line 4 Box - Backdoor Roth
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Level 3

Form 8606 - Line 3 and Line 4 Box - Backdoor Roth

When completing the From 8606, between lines 3 and 4 it asks if a Roth IRA conversion has been made in 2019.   Does this include a Traditional to Roth IRA conversion that takes place in January 2020?

 

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Level 15

Form 8606 - Line 3 and Line 4 Box - Backdoor Roth


@69VanNuys wrote:

When completing the From 8606, between lines 3 and 4 it asks if a Roth IRA conversion has been made in 2019.   Does this include a Traditional to Roth IRA conversion that takes place in January 2020?

 


If you mean  "In 2019 did you ... make a Roth conversion?"  "If yes then go to line 4"?

 

Then NO, that is NOT a 2019 conversion if  it was converted in 2020.  You will get a 2020 1099-R for that and report it on your 2020 tax return next year.

 

While you have until July 15, 2020 to make a 2019 *contribution*, a *conversion* made anytime in 2020 is a 2020 conversion.

 

[Edited 03/24/20 to reflect IRS and state extended due dates]

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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2 Replies
Employee Tax Expert

Form 8606 - Line 3 and Line 4 Box - Backdoor Roth

No, this doesn't include a Traditional to Roth IRA conversion that takes place in January 2020.

A Roth conversion made any time in 2020 is a 2020 conversion, not a 2019 conversion.

[Edited 02/24/2020|10:17 PST]

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Level 15

Form 8606 - Line 3 and Line 4 Box - Backdoor Roth


@69VanNuys wrote:

When completing the From 8606, between lines 3 and 4 it asks if a Roth IRA conversion has been made in 2019.   Does this include a Traditional to Roth IRA conversion that takes place in January 2020?

 


If you mean  "In 2019 did you ... make a Roth conversion?"  "If yes then go to line 4"?

 

Then NO, that is NOT a 2019 conversion if  it was converted in 2020.  You will get a 2020 1099-R for that and report it on your 2020 tax return next year.

 

While you have until July 15, 2020 to make a 2019 *contribution*, a *conversion* made anytime in 2020 is a 2020 conversion.

 

[Edited 03/24/20 to reflect IRS and state extended due dates]

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

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