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Deductions & credits
My question is what do I do about the $6000 he contributed in 2020 ‘for a prior tax year’. Do we enter that anywhere? Technically he put $12000 in his Roth in 2020 with 1/2 of that for 2019. I don’t know if that needs to be reported somewhere...maybe it doesn’t? We were going through the guide me questions and it asked if he opened up a Roth IRA prior to 2020, I am not sure if he should answer Yes and then record the $6000 as a 2019 prior year contribution?
March 19, 2021
6:26 PM