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New Member
posted Jun 1, 2019 9:12:04 PM

IRA contribution for 2018

Due to some problem on the financial institution website, IRA contribution for year 2018 did not make it to my IRA account. Since I have already filed tax which has been accepted by federal and state government. What options do I have now? 


0 4 595
4 Replies
Level 15
Jun 1, 2019 9:12:05 PM

Traditional IRA or Roth contribution?

Not applicable
Jun 1, 2019 9:12:06 PM

was a deposit made just that it was after 4/15 or was it never made?

New Member
Jun 1, 2019 9:12:07 PM

It was  traditional IRA. Deposit was never made to IRA account. I followed up with financial institution that is when I found the root cause of the problem.

Level 15
Jun 1, 2019 9:12:07 PM

If Traditional IRA contribution and you already reported it, then you must amend to remove it and pay any tax difference if you had deducted it or file a new 8606 if it was a non-deductible contribution to remove it.

If a Roth contribution, then unless it qualified you for the Savers Credit (8880 form), nothing about a Roth contribution is reported on a tax return so nothing need to be done.