I filed my 2019 taxes on April 7, 2020 using TurboTax. After filing, I thought I could make a $5000 contribution to my Roth IRA for the 2019 tax year. I contributed to my Vanguard Roth IRA account on April 7, 2020 and selected the funds go to the 2019 tax year.
When doing my taxes this year, I realized I had incorrectly calculated my MAGI and wasn't actually supposed to contribute to my Roth IRA for 2019. On April 5, 2021, I removed my 2019 contribution out of my Roth IRA account. I have already filed my taxes for 2020, and I have made $0 in Roth IRA contributions for 2020 (ineligible).
Am I supposed to file an amendment for both my 2019 and 2020 taxes? And what penalties do I have to pay? Since I made the actual 2019 contribution in 2020 and have no contributions for 2020, do I have to pay any penalties at all?
