I'm amending my 2018 1040. My wife & I, both > 50, each bought Roth IRAs for 6500. Our new AGI & MAGI = 193K. Are one or both of our contributions excessive? How much?
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I'm amending my 2018 1040. My wife & I, both > 50, each bought Roth IRAs for 6500. Our new AGI & MAGI = 193K. Are one or both of our contributions excessive? How much?
I'm amending my 2018 1040. My wife & I, both > 50, each bought Roth IRAs for 6500. Our new AGI & MAGI = 193K. Are one or both of our contributions excessive? How much?
First ... an IRA is something you invest in you do not "BUY" one.
Next ... if you go to the IRA contribution section of the program it will tell you how much is allowed and how much is excess that needs to be removed.
I'm amending my 2018 1040. My wife & I, both > 50, each bought Roth IRAs for 6500. Our new AGI & MAGI = 193K. Are one or both of our contributions excessive? How much?
First ... an IRA is something you invest in you do not "BUY" one.
Next ... if you go to the IRA contribution section of the program it will tell you how much is allowed and how much is excess that needs to be removed.
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