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I forgot to put a small contribution to my ira on my tax return. do i need to amend my return?

I did receive my Form 5498 but after i filed my return.
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2 Replies

I forgot to put a small contribution to my ira on my tax return. do i need to amend my return?

Well, won't it benefit you taxwise?

I forgot to put a small contribution to my ira on my tax return. do i need to amend my return?

If it is a deductible IRA contribution and/or it will get you the saver's credit you should amend as it is in your favor to do so.   

 

If it will be considered a non deductible traditional IRA contribution you MUST amend to populate the required form 8606. 

 

 

 

 

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