When you convert the Traditional IRA to Roth, you receive a 1099-R form.Complete this section only if you converted *during* 2024. If you only converted in 2025, you won’t have a 1099-R until next January. Please followSplit-Year Backdoor Roth in H&R Block, 1st Yearnow and come bac...
also in 2024, the value grew to $7,200. You have no other traditional, SEP, or SIMPLE IRA after you converted your traditional IRA to Roth. You did not roll over any pre-tax money from a retirement
1) No, you don’t need to consider the pro-rata rule that factors in your pre-tax IRA funds into the calculation. 2) The pro-rata rule for Roth conversions is separate between 401k and IRAs, and it’s separate within the 401k when you only convert non-Roth after-tax contributions and...