266273
I requested to remove $2400 (excess Roth contribution form my brokerage account). I'm not sure if they'll be able to complete the transaction by today, April 15th. Should I, A) File for an extension of my federal 2018 tax return or B) Should I just e-file my Federal 2018 Tax return along with my State return by today, April 15th? Will I be penalized if I do option B if my brokerage account doesn't complete the transaction by April 15th?
You'll need to sign in or create an account to connect with an expert.
I would recommend that you do file an extension. If they do not withdraw or recharacterize the excess Roth contribution on time, your tax return will be different than if they do withdraw it on time. If you don't file the correct way for either situation, you will need to amend your return.
I would recommend that you do file an extension. If they do not withdraw or recharacterize the excess Roth contribution on time, your tax return will be different than if they do withdraw it on time. If you don't file the correct way for either situation, you will need to amend your return.
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.
m-kominiarek
Level 1
johntheretiree
Level 2
shanesnh
Level 3
BEAGDAWG
New Member
insweetime
New Member