turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Roth Excess Contribution – How to determine the first tax year to submit Form-5329 for

I made an excess Roth contribution on 4/10/2017 for the prior tax year (2016). I am planning to fix that now in 2022 by submitting a Form-5329 for each year that the excess contribution remained in my Roth account.

 

My question is this: What is the first tax year that I must submit a Form-5329 for?

   - Would it be 2016 because that was the tax year the contribution was for?

   - Or would it be 2017 because that was the year the contribution was actually made to my Roth account?

 

Thank you!!

Steve

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15

Roth Excess Contribution – How to determine the first tax year to submit Form-5329 for

2016 because that was the tax year the contribution was for.

View solution in original post

2 Replies

Roth Excess Contribution – How to determine the first tax year to submit Form-5329 for

dmertz
Level 15

Roth Excess Contribution – How to determine the first tax year to submit Form-5329 for

2016 because that was the tax year the contribution was for.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies