Thanks. I'll follow your recommendation. I think TTax could have been a bit clearer here. Sounds like they're assuming that someone can make an excess contribution and then decide to just leave it there? If you've made an excess contribution then isn't it the case that at some point you are going to receive an nasty-gram from the IRS since the IRS is aware of all contributions as a result of IRA trustees filing Form 5498. Is it common, or reasonable, for someone to intentionally make an excess contribution to their IRA and just decide to let it ride? If you've got just one then I assume your single IRA trustee wouldn't allow it. The most likely case is when you've got multiple IRAs with different trustees, or (in my case) moved your IRA from one brokerage to another so that the new IRA trustee was unaware of the prior contribution for the same tax year. So, thanks again! This community bulletin board service Intuit hosts is so GREAT! !
