Retirement tax questions


@JenNC wrote:

In the questionnaire, when it asks how much of the $7000 contribution to my 2019 IRA did I make between Jan and Apr 2020, if I answer $7000, it shows that I owe tax on it. 

 

Should I not answer that question?


You owe tax on what?    You are not taxed on a contribution.  You are taxed on a *distribution*.  Did you have a 2019 distribution and have a 2019 1099-R?

**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.**