macuser_22
Level 15

Retirement tax questions

Since this was a  Traditional IRA return of contribution. I am assuming that the IRA/SEP/SIMPLE box is checked.

Amending your 2015 tax return would do two things: 1) place the box 1 amount on line 15a on the 1040 form and a zero taxable amount on line 15b, and 2) Ask for an explanation statement for the reason for the return that is attached to line 15.

Since that would have no affect on the overall tax and is not likely to trigger a letter from the IRS, I would ignore it.   In the unlikely event that the IRS sends a letter  in a year or so, a simple answer to the letter would clear it up and no amendment should be necessary.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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