Timeline for How to file tax return when doing a backdoor roth conversion?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 5, 2019 at 4:06 | vote | accept | morpheus | ||
| Dec 13, 2015 at 19:00 | comment | added | user102008 | @dg99: Re-characterization means that, for tax purposes, you "pretend" as if it was done a different way to begin with. Here you re-characterized from a Roth IRA contribution to a Traditional IRA contribution. So for tax purposes, you report everything as if you originally contributed to a Traditional IRA on the original date you contributed, and never contributed to a Roth IRA. | |
| Dec 11, 2015 at 16:56 | comment | added | dg99 | The second sentence in point 2 seems incomplete. Can you finish it? "... you essentially deposited ..." | |
| Dec 11, 2015 at 6:19 | history | answered | littleadv | CC BY-SA 3.0 |