jnixoo789
Returning Member

Possible error reporting money added to Roth IRA account.

A total of $4000.00 was added to (2) different Roth IRA accounts.  However, the money came from a savings account (already taxed).  Is this the reason I owe money to both federal & state (never owed money to state before) due to the additional funds going into the Roth accounts?  Please let me know.