MargaretMort Posted March 25, 2011 Report Share Posted March 25, 2011 I have been going through the pages and pages of paperwork left by the client who claimed the roll-over of a traditional IRA to a Roth in 2009. In 2010 they received the 1099-R showing the disbursement of the IRA which actually rolled over in April 2010. As far as I can determine, they each opened a Roth in 2009 and contributed money to it. The traditional IRA rolled into the Roth in 2010. SO--I need to tell them to do a 1040-X for 2009, taking out the roll-over information and properly reporting it on the 2010 return. Then they can pay the taxes owed on their 2011 and 2012 returns--or they can pay the entire amount with their 2010 return. I think I have this right. Any other suggestions? Thanks. MM Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 25, 2011 Report Share Posted March 25, 2011 Sounds like you have it covered. Quote Link to comment Share on other sites More sharing options...
MargaretMort Posted March 25, 2011 Author Report Share Posted March 25, 2011 My sincere thanks. I feel that I have beaten this thing to death and will be very happy when I can explain to them what has to be done. MM Quote Link to comment Share on other sites More sharing options...
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