- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I made an IRA deposit on April 15th, but the transfer was cancelled by the bank. Will I end up with a penalty once I amend my return?
I opened an IRA account on April 15th attempting to transfer funds from my bank account. I mistakenly used an account the bank had closed, and so the transfer was rejected. I now need to file an amendment to remove the $3000 IRA contribution. Will there be a penalty? Any other ramifications?
Topics:
‎June 1, 2019
12:37 PM