dmertz
Level 15

Retirement tax questions

If the bank issued a 2018 Form 5498 reporting this as a contribution for 2018, you are fine.  More likely, though, the bank has treated this as s contribution for 2019 and you'll have to amend your 2018 tax return to remove the contribution and make sure to include the contribution on your 2019 tax return.  You can check with the bank to see if they recorded this as a 2018 contribution or instead recorded this as a 2019 contribution.