qbteachmt
Level 15
04-18-2024
04:37 PM
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It seems the payments were made timely to the tax year 2023 contribution deadline, so that would be designated for which tax year and this is reported on Form 5498. If the taxpayer made the error, it's really easy to recharacterize it. I've seen where the IRA provider offers this function on the management website, even. If the provider did this, they also can recharacterize it.
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Don't yell at us; we're volunteers