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Turbotax won't let me file my return till IRS releases Form 8506 T on 02/12/20. I only have $100 in my Roth IRA! Is there an override for this ridiculous glitch?

 
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1 Reply
LindaB1993
Expert Alumni

Turbotax won't let me file my return till IRS releases Form 8506 T on 02/12/20. I only have $100 in my Roth IRA! Is there an override for this ridiculous glitch?

I would recommend waiting until 02/12/20 to include your Roth contribution for complete reporting of all your income, expenses, and contributions.

 

For 2019, your total contributions to all of your traditional and Roth IRAs cannot be more than:

  • $6,000 ($7,000 if you're age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.
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