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March 14, 2025
Question

backdoor Roth AFTER filing 2024 tax return

  • March 14, 2025
  • 1 reply
  • 0 views

Hi, I made a $7000 Traditional IRA contribution in Feb 2025, and characterized it against my 2024 taxes.  I then filed my return.  2 weeks later (today), I went in and did a backdoor Roth with that $$.  An 8606 was included in my filed return, but it did not include the backdoor Roth action.  Do I need to amend my return or simply fill out another 8606 and send it to the IRS reflecting the conversion for the 2024 tax year?

1 reply

fanfare
Employee
March 14, 2025

NO the movement into the Roth happened in 2025 and you report it on your 2025 tax return.

 

@pavehawk 

pavehawkAuthor
March 15, 2025

If If I characterize the contribution against 2024, why doesn’t the conversion also go against 2024 if it happens before 15 April?

fanfare
Employee
March 15, 2025

You have no 2024 1099-R, you will have a 2025 1099-R

 

@pavehawk