Retirement tax questions


@katekatekate wrote:

thank you so much!

 

do you think what you said about paying 6% for 2019 is true even if the contribution for 2019 was actually made in 2020? I would only be able to receive form 5498 for year 2020. 

 

if that is true, I guess in essence  the fact that I only got 6% of one of the returned contribution back is correct. 

 

also do you have any idea what was wrong for my state tax?


A contribution *for* 2019 made *in* 2020 is till a 2019 contribution reported on a 2019 tax return.

 

(I'm in CA and know nothing about NY tax).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**