yam-potatoes
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Thank you!
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I’ve done this for the 2024 tax year but still getting a message that I will have a penalty for excess contributions. Should I just ignore that or did I miss so...
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I contributed and converted in 2024. I told TT that the balance in my traditional IRA at the end of 2024 was $0, but it says that I will owe a penalty
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Thank you for the quick response!> In order to correct this, don't enter the 2023 late contribution on your 2024 tax return as a contribution.Where does this ge...
Activity Feed for yam-potatoes
- Posted Re: Turbotax thinks a previous year IRA contribution is a penalty on Retirement tax questions. March 13, 2025 10:02 AM
- Cheered Re: Turbotax thinks a previous year IRA contribution is a penalty for DanaB27. March 13, 2025 10:02 AM
- Posted Re: Turbotax thinks a previous year IRA contribution is a penalty on Retirement tax questions. March 9, 2025 4:01 PM
- Posted Re: TT incorrectly owe a penalty for excess contribution to traditional IRA, but this was due to ... on Retirement tax questions. March 9, 2025 3:49 PM
- Posted Re: TT incorrectly owe a penalty for excess contribution to traditional IRA, but this was due to ... on Retirement tax questions. March 9, 2025 3:39 PM
- Posted TT incorrectly owe a penalty for excess contribution to traditional IRA, but this was due to a previous year's contribution. How do I correct this? on Retirement tax questions. March 9, 2025 3:23 PM