IRA

Forum|Forum|4 years ago
February 28, 2022
4 replies
24 views

Hello,

The client already filed her return and has received a refund. Now she wants to open an IRA. Is it possible to file an amended return to include the IRA contribution?

ProSeries Professional

This topic has been closed for replies.

Best answer by jeffmcpa2010

Transaction must be completed by April 15. (Just like if she had claimed it on the original return.)

Make sure the broker (or whatever) remembers to mark it as "2021". You will want a copy of the receipt or other paperwork for your file, and may want to consider attaching it to the amended return.

J

jeffmcpa2010

Level 10

Should be, as long as it is completed by the original due date of the return.

Oh Goody - You get to charge another fee for the amended return!!!

J

jasontranAuthor

Level 4

original due date of the return. Did you mean an amended return must be filed before april 15?

J

jeffmcpa2010Answer

Level 10

Transaction must be completed by April 15. (Just like if she had claimed it on the original return.)

Make sure the broker (or whatever) remembers to mark it as "2021". You will want a copy of the receipt or other paperwork for your file, and may want to consider attaching it to the amended return.

IRonMaN

Level 15

But next year you might want to ask that IRA contribution question before you file the client’s return.

Slava Ukraini!

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