- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Contributions withdrawn before due date
Hi! There's a section in deductions and credits under the roth ira in which it asks for Contributions withdrawn before due date. I contributed the max amount allowed for 2022 which was 6000 but due to my salary I could not contribute that much without being taxed. I only found that out while filling out my tax return. I'd like to withdraw X amount so I'm not taxed 6 % on it. There's an form to withdraw the X amount on td ameritrade that I'm going to submit by the 18th, but it takes time for them to withdraw the amount and I don't think it'll be done by April 18th, 2023. It will be done though by October 15th, 2023.
Should I indicate that the contribution withdrawn before the due date is X amount or should I put 0 since it'll potentially take longer than April 18th to withdraw X amount? I'm going to file my tax return by April 18th, 2023.