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April 6, 2025
Question

Backdoor Roth--no 1099R

  • April 6, 2025
  • 1 reply
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My husband and I both contributed $7000 to a traditional IRA and immediately converted to a roth IRA.  In reviewing how to enter this in turbo tax, it says we should have a 1099R, which we did not recieve.  Help!

    1 reply

    April 6, 2025

    Yes, you should have received a 1099-R, unless you made the contribution in 2025 and designated it for 2024, then made the conversion also in 2025.

     

    Most brokerages will provide the 1099-R via your online account.  I recommend checking there, and the next step is reaching out to your brokerage.

     

    If you made the contribution/conversion in 2025, you'll only report the contribution.  Next year, you'll report the conversion on the 2025 tax return.

    PharmMom2Author
    April 6, 2025

    Thanks!! Contribution was made in 2024 for 2024.  I will reach out to our broker.