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I mistakenly made a contribution into my IRA, from a non-retirement acct. I immediately reversed the transaction the next day. How do I account for this on my return?
I'm over age 70, and taking my RMD's, the reversal triggered a taxable distribution on my 1099R. I did report the contribution($2450) as a non-deductible on the return, which triggered a few other issues. All in all this should be an even wash, but I just to to do it properly in the return.
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‎June 4, 2019
4:30 PM