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Get your taxes done using TurboTax
1. You do not have to wait for the IRS to process the 2021 tax return before preparing your 2022 tax return. 2. Because you removed the excess contribution, you subtract the 18000 for prior years. 3. For the box excess Roth IRA contributions for prior years you do NOT include the 2021 excess if you send your 2021 amendment (I would recommend certified mail if you do not e-file to have proof of date which will apply regardless if how long it takes the IRS to process the amendment) before you prepare the 2022 return.
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March 11, 2023
8:32 PM