I mistakenly entered a pension contribution, then removed it. Now the "retained earnings" that same amount. How to get retained earnings to show "0" ??

mjculross · Mar 28, 2025 7:24:36 AM

Retained Earnings Reconciliation Summary shows the old "Less: Shareholder Distributions" value (less the incorrect pension contribution amount). Where do I go to correct that ??

ir63

Level 2

How overtime deduction will affect my adjusted income for IRA contribution?

in Tax law changes

vicente

Level 3

I was contributing to an HSA for family coverage. In June 1st my family changed coverage while I stayed with the HSA. Would my max contribution be $6,425 for 2025?

in Deductions & credits

user17538294352

New Member

Thank you, Collette, "Tax Expert, Attorney" for condescendingly and falsely telling me that I cannot withdraw my own contributions from my Roth IRA without a penalty.

in Retirement tax questions

tcondon21

Returning Member

Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

in Retirement tax questions

march142005

New Member

I had an excess Roth IRA contribution in 2022 that I recharacterized. The excess amount was added again to my 2023 return and I paid a penalty. How do I fix this issue?

in Retirement tax questions

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