ThomasM125
Expert Alumni

Deductions & credits

There shouldn't be any tax or penalty as long as you transfer the contribution to a ROTH IRA before the due date of your tax return and you don't earn any income on it before you do the transfer. Just tell your broker to transfer the contribution to a ROTH IRA.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"