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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- Roth Conversion on SATURDAY Dec 31 2022 - no 1099-R for 2022
Roth Conversion on SATURDAY Dec 31 2022 - no 1099-R for 2022
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LCAT
Level 1
04-13-2023
11:06 PM
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Taxpayer made a Roth conversion on Saturday, December 31, 2022 meeting the IRS deadline for 2022. The transaction confirmation has that date, but the transaction wasn't recorded until the market opened on January 3, 2023. Thus, no 1099-R was generated for 2022. Should the conversion be reported on 2022's tax return without the 1099-R? Or wait to report and pay taxes in 2023?
If an RMD from a taxable IRA was also taken on December 31st with the same result (no 1099-R for 2022), should the RMD be reported in 2022? Confirmations have 12/31/2022 date, but no 1099-R.
Thank you!
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Intuit_RSTaxMan
Employee
04-14-2023
11:25 AM
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Hi,
Thank you for contacting our support channel. Unfortunately, we will not be able to provide guidance on the tax-related question. We will you all the best in your research and let us know if we can be an assistance with other questions.
