Roth Conversion Deadline Extension

Submitted by b lanoo on Tue, 2021-02-02 01:32

Hi All:

I roll over a 401K to an IRA in 2020. I asked my advisor to convert it into a Roth. Due to Covid 19, the office was closed and did not carry out my request. I converted the IRA into a Roth IRA myself in January. Can I still claim this as a Roth conversion in 2020?

Thank you for your advise. Much appreciated.

lanoo



Submitted by Alan - IRA critic on Tue, 2021-02-02 03:52

Sorry, there are no provisions to allow for uncompleted year end transactions, and there were more than ever this last year.  The 1099R will be issued for a 2021 conversion.

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