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Level 2
posted Jun 1, 2019 10:10:19 AM

Should I wait to file my 2018 federal tax return until I'm sure the IRS has received notice from my financial institution of my prior year IRA contribution?

On February 20, 2019, I made a prior year (2018) contribution to my traditional IRA. I have recorded this contribution in TurboTax. Should I wait to file my 2018 federal tax return until I believe the IRS has received notice from my financial institution of my IRA contribution? Fidelity suggested I wait 30 days for the IRS to receive a notice from them on my IRA contribution, then file my tax return. However, I prefer not to wait to file my tax return.

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1 Best answer
Level 3
Jun 1, 2019 10:10:20 AM

You can file now, however, it could possibly delay your return processing if the IRS tries to verify, but there is nothing that states you MUST wait.  It is just a suggestion to make things move more smoothly once you do submit. 

1 Replies
Level 3
Jun 1, 2019 10:10:20 AM

You can file now, however, it could possibly delay your return processing if the IRS tries to verify, but there is nothing that states you MUST wait.  It is just a suggestion to make things move more smoothly once you do submit.