Hello,
Last year I started contributing to a traditional IRA in June. For the year (Jan. 1 to Dec 31), I made $1500 in contribution.
In Jan. 2020, I made $200 contribution for the month. I was working on my tax return using Turbotax and it looks like the contribution made in Jan. 2020 can be added to the amount on 2019 (as long as its before tax filing or April 15)? A little confused since I read somewhere its based on the calendar year.
I haven't filed the tax yet. I don't plan to make any more contribution towards the traditional IRA. I will start making contribution to the ROTH IRA since I am over the limit on the MAGI on single filer.
Thanks,
TT
