In February 2019 (for 2018) I contributed $5,300 to a Roth IRA CD. I had been told by financial planner that when filing taxes, a Roth IRA CD would be treated the same as a Roth IRA. Is that a correct statement? If so, I have the following issue....
I entered the contribution amount of $5,300 into TurboTax under contributions toward Roth IRA. Turns out that my MAGI is too high. Only $2,340 is allowed; $2,960 is excess. Is there any going back on this Roth IRA CD? Unfortunately, there is also a 2019 contribution to the same Roth IRA CD for $6,900!
