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Get your taxes done using TurboTax
A possibility is that you contributed more then your taxable compensation and are subject to a penalty if the value of the IRA is more than zero at years end. The last screen of the IRA contribution interview will tell you if that is the case.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 14, 2020
8:23 AM