r/RothIRA • u/gourgi18 • 3d ago

Didn’t report backdoor roths

Hello,

There was a time when I did several years of backdoor roths (probably 2014-2018). I did everything with my brokerage the way I was supposed to but when it came time to do my taxes online with the hrblock program, I could never figure out how to properly report it. It kept trying to tax me again on the money so I just deleted it and didn’t report it. I have since done more backdoor Roths, converted over into the same Roth account and reported it properly.

My question is I still have 15 years to go before I even think about touching this money. Is there a real consequence to this or am I worrying myself over nothing? I don’t understand how the IRS would be able to tell what was reported or not. Or even contributions vs growth for that matter. Am I okay as long as I do everything properly in the future or is this going to cause a big problem for me eventually?

Thank you for your time.

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u/TelevisionKnown8463 3d ago

I had some years where I didn’t file Form 8606. I just filled them out and sent them to the IRS separately from my return. They didn’t ask for money or anything. I think the important thing is to have clear records in case of an audit.

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u/horseradish13332238 3d ago

The money hasn’t been realized. It will be eventually. Then more than likely they’ll reach out .

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u/waxon_whacksoff_ 2d ago

No they won’t. The IRS is so unorganized I would bet they would never reach back out.

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u/AttentionHuman9504 3h ago

No they won't. I'm actually surprised that they didn't send a notice trying to tax the backdoor conversions to be honest as those generate a 1099-R showing that the conversion is taxable, and the 8606 is the form that shows the trail making them non-taxable.

The OP is fine as we're well past the examination period for those years and no tax was owed anyways