NASSAUSUFFOLK

Client added $$ to his Roth IRA in 2015, but due to income limitations was not able to add. Although advised to have the 2015 contribution returned to him prior to filing his return, his broker advised him to transfer the $$ to a traditional IRA then send it back to the original Roth IRA account.Assume client had no other IRA accounts.  Since his 2015 return was filed before knowledge of the transaction surfaced, I presume a 2015 amended return would need to be filed. 

Any thoughts?

Michael:

It is probably best to amend the return. 

I am assuming the this was done by April 18th. If you client already had a traditional IRA, the conversion may be partially taxable.