On December 26, 2017, my first Roth conversion was completed within my 401k plan. I didn’t get a 1099. Since mid-February, I have had several conversations with the Plan Administrator. Each time, I was told a re-print was being mailed. Today I was told that I will not get a 1099 for this transaction until 2019 because the plan used December 22 as the cut off for 2017 tax reporting. As a result, this transaction will be included in my 1099 for Tax Year 2018.
Reporting the conversion in 2018 instead of 2017 will delay starting my Roth clock by 1 year and reduce the amount I can convert in 2018. I’m thinking about including this Roth conversion in my 2017 Tax Return even though I don’t have a 1099. However, I am concerned about my 1099s not matching my returns for 2017 and 2018.
I would appreciate your thoughts.
Reporting the conversion in 2018 instead of 2017 will delay starting my Roth clock by 1 year and reduce the amount I can convert in 2018. I’m thinking about including this Roth conversion in my 2017 Tax Return even though I don’t have a 1099. However, I am concerned about my 1099s not matching my returns for 2017 and 2018.
I would appreciate your thoughts.