asb4
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Thank you. It was a personal transaction through Venmo accidentally marked as a business transaction, so it's really not reportable income at all. Venmo said th...
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I should note I did not report the original Roth contribution on Form 5498 when I filed originally, thinking it was unnecessary as a nondeductible contribution.
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Thank, you@FangxiaL.The part not covered in the IRS Instructions is whether you need to amend your return - file a 1040X - simply to attach the recharacterizati...
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The responses from @Critterand @dmertzseem to contradict each other. The first said do nothing; the second to amend the 1040 and file with a Form 8606. Which is...
Activity Feed for asb4
- Posted Re: Do I need to file a Form 8275/Schedule 1 to explain why all of 1099-K income was a personal t... on Get your taxes done using TurboTax. February 2, 2025 7:27 AM
- Cheered Re: Do I need to file a Form 8275/Schedule 1 to explain why all of 1099-K income was a personal t... for JamesG1. February 2, 2025 7:26 AM
- Posted Do I need to file a Form 8275/Schedule 1 to explain why all of 1099-K income was a personal transaction? on Get your taxes done using TurboTax. February 1, 2025 2:14 PM
- Cheered Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA for FangxiaL. February 28, 2022 10:14 AM
- Cheered Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA for dmertz. February 28, 2022 10:14 AM
- Posted Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA on Retirement tax questions. February 26, 2022 6:13 PM
- Posted Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA on Retirement tax questions. February 26, 2022 6:09 PM
- Cheered Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA for FangxiaL. February 26, 2022 6:02 PM
- Posted Re: When and how to amend tax return after recharacterizing excess contribution to Roth IRA on Retirement tax questions. February 26, 2022 1:01 PM