rsalci
Returning Member

Get your taxes done using TurboTax

question is regarding an overcontribution to traditional ira:

 

last year (2021), I had periodic contributions to my traditional IRA totaling $4000 for deducting in 2021 taxes.  However when I prepared my tax I found that my AGI was too high and I could not use the IRA deduction.  I alerted TRowe Price that it was a non-deductible IRA for 2021 and they asked if I wanted to withdraw it. I decided to NOT withdraw it and just leave it in the account.  Now I don't know what to do with it as far as my tax preparation goes. Please Help - I am floundering!