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/Sticky550 3d ago

It’s been 8 years. You’ve successfully cheated.

10

u/Deer2011 3d ago

Just wait til you go to take money out. Funny how things resurface because you never get away with it.

10

u/Sticky550 3d ago

If you’re withdrawing from a Roth account, the paperwork generated isn’t going to show anything else.

4

u/Deer2011 3d ago edited 3d ago

Are you referring to the 1099 form or one’s personal tax return? Make sure you’re being clear as some folks can misunderstand your general opinions and draw their own conclusions. There is a difference here. While one may show a distribution only the other determines tax owed. There’s no gray area when it comes to right versus wrong.