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My fiance opened a traditional IRA for the first time during 2000; she subsequently converted the traditional IRA (the rolled over amounts are all attributable to her 2000 deposit) into a Roth IRA; we have now received a 1099-R indicating the rolled over amount is taxable for 2000.

What forms do we need to fill out to make sure we do not get taxed on what is essentially a Roth IRA contribution?

We need to clarify something first. Was the year 2000 contribution the only contribution ever made to the traditional IRA? If not, ignore the rest of this post and advise.

You report the conversion on Form 8606, Part II. You don't deduct the traditional IRA contribution on the 1040 and include it on line 14b of Form 8606. Any net gain while it was in the traditional IRA is income on line 15b of the 1040.

Phil Marti
VITA Volunteer


Thanks - the year 2000 contribution was the only contribution ever made.
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