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ROE done in same year- a bit different circumstances than I have seen here
Hi-
I contributed to an IRA for 2024 which turned out to be non-deductible. I realized my mistake right away. Because I have not yet filed my taxes, I did a return of excess and there was a loss (market down). A 1099-R for 2024 will be issued. I then made a correct, deductible SEP contribution for 2024.
Question- is there a place within TurboTax for me to enter this ROE? I never deducted it in the first place, and am not keeping it as a non-deductible IRA. Thanks so much
‎April 2, 2025
9:25 AM