- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I did not claim my 2019 Roth IRA contributions and was wondering if I can combine 2019 and 2020 contributions for my 2020 taxes?
Topics:
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I did not claim my 2019 Roth IRA contributions and was wondering if I can combine 2019 and 2020 contributions for my 2020 taxes?
No, you will need to amend your 2019 return to report your Roth IRA information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I did not claim my 2019 Roth IRA contributions and was wondering if I can combine 2019 and 2020 contributions for my 2020 taxes?
@DaveF1006 wrote:
No, you will need to amend your 2019 return to report your Roth IRA information.
A Roth IRA contribution does not actually go on a tax return, but you should enter it anyway to:
1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.
4) Add the Retirement Savers Credit if you qualify.
**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.**
Still have questions?
Make a post
Or browse the Forums