- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax Year Prior to 2020: Disallowed IRA Contributions
Last year the IRS audited me and disallowed my 2016 IRA contributions. They amended my 2016 return and I paid all taxes on that income for that year. Since it wasn't supposed to be in there, I took the amount out of my IRA as part of the audit in 2019. I now have a distribution for 2019. How do I deduct that form my income 2019 so I don't pay tax on it again?
‎February 8, 2020
1:46 PM