666865
I believe I made a mistake in my 2015 taxes, entering my pre-tax and Roth 401(k) contributions as traditional and Roth IRA contributions and paid a penalty on it for over-contributing. I do not have a traditional or Roth IRA and mistook my company 401(k) plan contributions from box 12 on my W-2 as traditional and Roth IRAs in the Retirement and Investments area of my Deductions & Credits section.
What affect would this have if I were to correct my 2015 filing? I received a refund from both my federal and state taxes. And would it flag if I didn't enter anything in my 2016 taxes, even if I had mistakenly entered something for last year?
Thanks!
You'll need to sign in or create an account to connect with an expert.
You must amend your 2015 tax return to make the necessary corrections. There is the potential for a number of different areas of your tax return to be affected, but there are certain to be at least a few important areas that are affected even if it does not change your tax liability for 2015.
You must amend your 2015 tax return to make the necessary corrections. There is the potential for a number of different areas of your tax return to be affected, but there are certain to be at least a few important areas that are affected even if it does not change your tax liability for 2015.
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.
tcondon21
Returning Member
jliangsh
Level 2
simoneporter
New Member
VAer
Level 4
VAer
Level 4