For 2015, I agreed to set up a Roth IRA. I was not able to get funds transferred by the deadline for 2015, but do now. What should I do before filling my 2016?

Do I file an amendment to 2015 or something else?

posted

Connect with an expert

1 Reply

For 2015, I agreed to set up a Roth IRA. I was not able to get funds transferred by the deadline for 2015, but do now. What should I do before filling my 2016?

Look at your 2015 form 1040 line 51 ... if there is an amount on that line you must amend the 2015 return. Otherwise do nothing as it is too late to make a 2015 contribution to any IRA.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post