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Level 2
February 10, 2020
Question

Roth IRA

  • February 10, 2020
  • 2 replies
  • 12 views

My refund amount went down after I entered my wife's and my Roth contributions for 2019. Does anyone know why?

    2 replies

    February 10, 2020

    it's possible you made excess Roth contributions.    see if there is schedule 2 in your return. the penalty, if any, would appear on line 6 of part II 

    Lee04Author
    Level 2
    February 10, 2020

    Yeah, but only $88 and $46 respectively. The refund went down almost $1000.