You'll need to sign in or create an account to connect with an expert.
Your answer will either be $5,500 or $11,000. You should not have contributed $11,000 in 2018 for 2018. You could have done $5,500 for 2017 by April 15, 2018. Then you could have added another $5,500 for 2018.
Please check your records. You could have put $11,000 into an IRA for 2018. You need to get your records straight. The IRS will know based on what was sent them.
The IRS says:
For 2018, 2017, 2016 and 2015, your annual total contributions to all of your traditional and Roth IRAs cannot be more than:
You are correct. After checking with agent, we put $5500 in 2017 and $5500 in 2018. Thus, we are still confused as what would be our prior contributions here. Thank you!
Your contributions made prior to 2019 were $11,000 and, assuming that you have made no other contributions or distributions prior to 2019, $11,000 is the amount to enter into TurboTax.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
amtreaz
New Member
bartonv
New Member
bobt48
New Member
Section108
Level 1
Terryjohnson2454
New Member