IRA/Backdoor Roth contribution - Reporting

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Hi,

I have a question on IRA contribution. I couldn't find the answer in the forums. I contributed to traditional IRA for 2019 in Feb 2020. Converted this amount to Roth IRA using backdoor immediately. When filing taxes for last year, do I just report the IRA contribution made for 2019 and report the conversion to Roth when I file my taxes in 2021? Please advise. Thanks.

DavidD66Answer

Alumni - Intuit

Yes, report the non-deductible IRA contribution for 2019. The conversion to a Roth IRA will result in your receiving a Form 1099-R next year. You will enter that on your 2020 tax return.

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DavidD66Answer

Alumni - Intuit

Yes, report the non-deductible IRA contribution for 2019. The conversion to a Roth IRA will result in your receiving a Form 1099-R next year. You will enter that on your 2020 tax return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"