Solved

2020 tax year Form 8606 deadline on April 15 or May 17?

Forum|Forum|4 years ago
March 14, 2022
1 reply
0 views

I missed filing Form 8606 for tax year 2020.

Contribution to traditional IRA was made 05/10, and backdoor conversion to Roth IRA was done on 5/17.

Per announced tax filing deadline 5/17 for 2020 tax year, these transactions are complete in 2020.

But in line 1 of the form the question was asking contributions upto 4/15. following this date the transactions were in 2021 tax year.

Was the date in the form different from announced taxyear deadline by error, or for these transactions the deadlines are fixed to 4/15 always?

thanks for anyone provides answers.

Best answer by DavidD66

The 2020 tax filing extension also extends the deadline until May 17 to make a 2020 prior year contribution to a traditional or Roth IRA. So your traditional IRA contribution can apply to 2020. Any income from the conversion would be 2021 income. You can file the 8606 by itself at any time.

D

DavidD66Answer

The 2020 tax filing extension also extends the deadline until May 17 to make a 2020 prior year contribution to a traditional or Roth IRA. So your traditional IRA contribution can apply to 2020. Any income from the conversion would be 2021 income. You can file the 8606 by itself at any time.

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

R

RLEBTU

How do I post my issue? My problem stems from the IRS rejecting my submission because the 2020 AGI did not agree BUT the 2020 AGI is the $ from my 2020 return. WHO can help, no way to contact anyone at the IRS, I guess I have to snail mail it! 😞