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March 31, 2020
Question

For form 5498 for a ROTH conversion, what do I enter for the value of my Traditional IRA on December 31st if my conversion was not done until February of the next year?

  • March 31, 2020
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1 reply

macuser_22
Employee
March 31, 2020

Nowhere.    If converted in 2020 it goes on your 2020 tax return next year and it will be the 2020 years end value, not 2019.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**