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Retirement tax questions
Hi @macuser_22 ,
Follow up questions for 2018 excess:
-Since there's no adjustment for any gain or loss, do I just tell my bank to remove/withdraw the exact excess amount?
-And then do I just use Turbo Tax amend option to report the excess amount?
-How and when do I pay 6% penalty? I assume this will be 6% for the year 2018 and 2019?
-Do I need to file any extra forms when filing 2019 Return?
-Is it possible to apply 2018 excess to 2020 contribution?
-What's IRA contribution interview?
Thank you!
March 9, 2020
11:04 PM