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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.**
‎February 27, 2020
7:15 PM