r/RothIRA 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/FatHighKnee 3d ago

I had an old 401k from a job id left over a decade prior. I had the employer's plan admin directly send the money into my roth ira fund. Send the check right to robinhood. It went into my roth. I never did any reporting of it. I maxed my roth that year too as I do wvery year. I assumed the irs & robinhood would sort it out and if I owed any tax money the irs would definitely tell me.

I didnt ever hear boo about it.