I made my traditional IRA contribution of both 2018 ($5,500) and 2019($6,000) in 2019. Can I claim that I made $11,000 contribution when I file 2019 tax? TurboTax keeps telling me that I made excessive contribution and need to withdraw some.
Thanks for your help.
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You can only claim the $6,000 traditional IRA contribution made for 2019 on your 2019 tax return. The $5,500 traditional IRA contribution made for 2018 was reportable on your 2018 tax return. If you did not include the $5,500 contribution on your 2018 tax return you must amend your 2018 tax return.
You can only claim the $6,000 traditional IRA contribution made for 2019 on your 2019 tax return. The $5,500 traditional IRA contribution made for 2018 was reportable on your 2018 tax return. If you did not include the $5,500 contribution on your 2018 tax return you must amend your 2018 tax return.
Thanks a lot! It's very helpful.
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