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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25214  
Subject: Re: Easy 401k & IRA Tax Question Date: 6/24/2004 2:54 PM
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"It was a lot of paperwork restating the last three years of deposits into the correct tax years."

Been there; done that.

When you make an IRA/Roth IRA contribution in a year other than the current one--

1. write the year of the contribution in the memo box of your check. As "2003 IRA Contribution"

2. Check your statement to make sure it was properly recorded as for the proper year.

3. If not properly recorded, write your custodian a letter calling the error to their attention and keep a copy of the letter for your files.

I don't think this a big deal as long as you clearly establish your intent and make a reasonable effort to promptly correct your custodian's clerical error. Eventually it will come out in the wash and the paperwork catches up with your wishes.

Its merely a paperwork hassle.
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