Hello Intuit Community!
I contributed to my RothIRA in:
- June of 2022 (for 2022 contributions)
- January of 2023 (for prior year, 2022 contributions)
- July of 2023 (for 2023 contributions)
I have since realized I was not eligible to contribute in 2022 or 2023. I have now completed a withdrawal of the 3 contributions AND any earnings they made as of July 2023. Prior to this realization and withdrawal, I already filed my 2022 taxes (done in February 2022).
My questions are:
- Can I do anything between now and October 16th (IRS extension) to amend my 2022 tax return and address the 2022 contribution and withdrawal with earnings?
- What should I plan to do when I'm filing 2023 taxes to address the two contributions made in 2023?
I appreciate any help the team can provide!
