@cheuvront123 wrote:
Filed return - Form 5329 included with $1000 additional tax on line 17 for maxing out IRA - I am 70 and this is permissible. How can I have this amended?
That does not make sense. Since the maximum amount that could be contributed to a IRA in 2019 is $7000 (assuming that you had $7,000 of income that you worked for (usually W-2 or net self-employed income), the penalty on that would be (6% * $7,000) = $420). A $1,000 penalty on line 17 would mean an excess contribution of $16,000 that is impossible.
What did you do and what did you enter where?
**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.**
