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contributed to traditional IRA in March for last year
Hi, I am wondering what the steps are to filing under deduction and credits. Someone contributed to traditional IRA in March 2024 for the year 2023 and then converted to roth and then contributed to traditional IRA and converted to roth for 2024. How can I report it under deduction and credit? what to enter for how much contributed in 2024? should it be 2023+2024 contribution or only 2023? if I enter 2023+2024, it says I owe penalty. How do I specify the amount for the last year? thanks
March 14, 2025
5:45 PM