Ringfinger1999
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Okay, I get that part but I will be taxed on the earnings from that contribution at 10% early withdrawal plus my tax rate, correct?
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Returned as in placing back in the IRA in 2020? Not sure that that meant. Thanks!
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I get you. So I will pay taxes for 2020 on the earnings when I file? Nothing on the contribution? Then 10% early withdrawal on the earnings as well?
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Okay thank you! So basically do nothing now, file my 2020 taxes next year, enter the 1099-R that I will indicate was for tax year 2019 but earnings only will be...
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Sorry to be dense, but I am a little confused with dates and what to file.I filed online a few days back. Turbotax informed me that I made an excess contributio...
Activity Feed for Ringfinger1999
- Got Cheered for Re: Excess Roth IRA Contribution. February 22, 2021 7:40 PM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. March 2, 2020 6:25 AM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 28, 2020 6:53 AM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 26, 2020 6:48 PM
- Posted Re: Excess Roth Contribution-Taxes Allready Filed on Get your taxes done using TurboTax. February 26, 2020 6:44 PM
- Posted Excess Roth Contribution-Taxes Allready Filed on Get your taxes done using TurboTax. February 26, 2020 1:10 PM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 26, 2020 11:49 AM