Hey everyone -
I recently discovered I have been reporting my backdoor Roth 8606 wrong...
I have started in Jan. 2020 all the way till Jan. 2025 (I already did for 2025). For Jan. 2020 backdoor Roth I filed it on my 2019 taxes and each year after that. What are the ramifications? Should I just skip 2024 8606 tax filing and start it on my 2025 tax for this year backdoor Roth?
Thanks in advance.
I recently discovered I have been reporting my backdoor Roth 8606 wrong...
I have started in Jan. 2020 all the way till Jan. 2025 (I already did for 2025). For Jan. 2020 backdoor Roth I filed it on my 2019 taxes and each year after that. What are the ramifications? Should I just skip 2024 8606 tax filing and start it on my 2025 tax for this year backdoor Roth?
Thanks in advance.
Statistics: Posted by L1tt1eMinon — Tue Jan 14, 2025 2:40 pm — Replies 3 — Views 129