Roth contribution made after the deadline.

Forum|Forum|5 years ago
April 12, 2021
10 replies
26 views

Since made after the allowed time frame and will have to be removed (don't know why the institution even allowed it), does it even need to be shown on the tax year in question. Technically, it was really not permitted. (When it is removed, then the withdrawal will be reported in that year..) Not sure it should even appear initially. It currently creates a retirement savings credit if entered.

ProSeries Professional

This topic has been closed for replies.

J

jeffmcpa2010

Level 10

What do you think is the deadline?

L

linduca1216Author

Level 6

made in 2021 for 2019

Just-Lisa-Now-

Intuit Community Champion

was this for a prior year? the 2020 deadline hasnt happened yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

L

linduca1216Author

Level 6

yes... and the year it was to be made for, has since long passed the deadline

qbteachmt

Level 15

"Technically, it was really not permitted."

This is why Details matter. Under which qualification do you consider it was not permitted?

Don't yell at us; we're volunteers

L

linduca1216Author

Level 6

It was made for 2019 in 2021.

J

jeffmcpa2010

Level 10

I don't think that is possible, (I mean physically possible, as opposed to allowable) sounds like someone must have written something down wrong. Have you tried to confirm with the investment company that they recorded it that way?

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