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Typo on the non-deductible IRA contribution page
I made a non-deductible contribution in 2020 (for a backdoor Roth IRA) but answered "No" because the instructions specified "2019 or previous". When reviewing my Form 1040 before submission, I noticed that the contribution was being added to my income (when it was withdrawn early for the conversion) when it shouldn't have been because the original contribution was non-deductible.
I went back through the questions, selected "Yes" (this time assuming they meant 2020) and everything worked out properly on my 1040.
This was extremely frustrating
I went back through the questions, selected "Yes" (this time assuming they meant 2020) and everything worked out properly on my 1040.
This was extremely frustrating
Topics:
‎February 21, 2021
3:57 PM