Hi- I am going through old returns and noticed that I screwed up in 2011. I submitted $714 as a NON-deductible contribution on my 2011 return; however, it was supposed to be a deductible contribution on 2010's return. This means that my 2010 deductible contributions will show as $714 short (I deducted the fully allowable $5,000 but because of the $714 screw up the reality is I only contributed $4,286).
So, 2010 for all intents and purposes would be correct if I can cancel the 2011 form 8086.
My question is, can I even do this 11 years later AND is it worth it to do so? Thank you.
