In 2024 I made a $8000 contribution to my Roth IRA as I anticipated working part-time last year but was unable to reach an agreement with the prospective employer on compensation. Because I had no earned income in 2024, I had to rescind the Roth IRA contribution which I did in January 2025, by moving the dollars ($8000 plus $1418.15 in taxable earnings) back to my regular brokerage account (Not an IRA account).
I now want to make a $8000 contribution to my Traditional IRA for 2024 to reduce my income tax liability. Can I still make a $8000 contribution to my traditional IRA since I reversed the Roth IRA contribution?
Turbo Tax says I can still make a 2024 contribution to my Traditional IRA but the online brokerage system is not allowing me to make the 2024 contribution as it is still showing a 2024 contribution to my Roth IRA? Thoughts? (Note: I have contacted Vanguard about this)
