reference: IRS: May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and ...
per IRS reference above, which stated...
"Among other things, this means that eligible taxpayers will also have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts."
Dear TurboTax discussion forum,
I live in California in a disaster area impacted county (Santa Clara county). So, I tried to contribute to my TY2022 Roth-IRA through my stock brokerage TDAmeritrade by initiating a funding transfer into my Roth-IRA account. I requested this transfer ~ 11:30pm PST on April 18, 2023. This is before the Pacific time zone midnight deadline. TDAmeritrade responded that I did not post my Roth-IRA funding transfer before the EST deadline and have coded the request as for current year contribution (TY2023, I presume). Question is (1) can we still fund Roth-IRA through the extended October 16, 2023 deadline? If so, why my stock brokerage didn't know this? (2) is Roth-IRA funding deadline midnight EST or the tax payer's midnight PST? Request time stamp or account posting time stamp is valid? (3) if Roth-IRA funding did not apply to TY2022, do I need to withdraw from my Roth-IRA account in the funding amount to correct this situation? Use excess contribution request form with my stock brokerage? Thank you so much.
Michael Y.
