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

[69VanNuys]

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?

[DanaB27]

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]

[macuser_22 · Accepted solution]

---

@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]

[xheyhenry]

I'm glad I found this... I was extremely confused by this part. I contributed & converted to backdoor roth between Jan and Apr 2020 for the year 2019 but forgot to file a 8606. This seems to match this question and answer: in this case, if I contributed and converted 6k, my form 8606 would look like the following:

Line 1: 6000

Line 3: 6000

Line 14: 6000

Everything else: empty

Is this right?

[macuser_22]

---

@xheyhenry wrote:

I'm glad I found this... I was extremely confused by this part. I contributed & converted to backdoor roth between Jan and Apr 2020 for the year 2019 but forgot to file a 8606. This seems to match this question and answer: in this case, if I contributed and converted 6k, my form 8606 would look like the following:

Line 1: 6000

Line 3: 6000

Line 14: 6000

Everything else: empty

Is this right?

---

For the 2019 8606 that would be correct.

[xheyhenry]

Awesome, thanks for the quick reply 🙂