- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Excess Roth IRA Contributions - How to Fix it?
Hello Tax Experts
Here is my situation and I really appreciate if you could please help me with some pointers.
- In 2018, I contributed to Roth IRA. I now realized that I was not eligible to contribute.
- This was also not reported in the Tax Returns of 2018. I am sure; had I reported in TurboTax it would have pointed out right there and would have completely avoided this sticky situation.
How can I make this right?
- Do I have to file 2018 amended tax return? If yes - what specifically needs changes.
Please help.
‎September 1, 2020
1:09 PM