71YTA31
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Ok, but in your earlier responses, you suggested filing the amendment after receiving the 1099-R, which wouldn't happen till January 2022.The information from V...
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Ok, then could you address the following:Excess contribution: $3,000Amount recharacterized: $3,000Amount transferred: $2500 with loss of $500.Is the above corre...
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That is incorrect. If you file with the excess contribution (by May 17th), the penalty applies to the tax return. The whole purpose of the amendment is to repor...
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There is a penalty for excess contributions at 6% per year. Hence the need for recharacterization. If the recharacterization occurs after the original filing de...
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I see. How does that work with the penalty (6%)? Since I recharacterized after May 17th, but well before Oct 15th, I was thinking that amending within the same ...
Activity Feed for 71YTA31
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 10, 2021 8:40 AM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 10, 2021 5:09 AM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 9, 2021 5:22 PM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 9, 2021 4:59 PM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 7, 2021 6:08 PM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 7, 2021 5:36 PM
- Posted Re: Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 7, 2021 5:35 PM
- Posted Amended tax return for 2020 Roth IRA recharacterization: reason for amendment on After you file. ‎August 7, 2021 1:02 PM