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Error putting pretax money in a Roth
I made an error and put pretax money from a teachers retirement account in a Roth IRA last Nov 2024. My CPA thinks there has to be a way to correct it, but from what I’ve learned it can’t be corrected. My question is: Is there any way to correct my foolish mistake to avoid the taxes? Also, if I do pay the taxes can I leave the money in the Roth or do I need to take it out. If I take it out can I put it in a traditional IRA?
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April 14, 2025
6:43 PM