Reply To: handling rollovers on 2020 1040

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#17070
wj
Participant

I had expected Fidelity to report to me and to the IRS the dollar amount of the conversions I made from two IRAs to one Roth. This figure (in total or individually) is nowhere to be found. All – some 20 odd- conversions were in shares of stock or mutual funds and my confirmations show only the shares, not the dollar amount (which is supposed to be based on the closing price that day).

From records I’ve kept, I think I know approximately the right number for the total of my conversions, but I don’t know how this might jibe with something Fido has reported to the IRS.

I guess i’ll get a copy of 1040 instructions and see exactly what info is required for line 4b. A considerable amount of tax dollars are involved in this issue.

WJ