Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
Turbotax is saying I contributed way too much. I know this can't be right.
But it is.

http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employ...


My Dad contributed $5,500 and my Mom contributed $5,500 to my Roth IRA in 2013 as gifts.

Someone else may have written the check, but it is YOUR contribution to YOUR Roth IRA.

Do you have $5500 in earnings?

Was one of those contributions supposed to be for 2012 or for 2014 tax years? (Until April 15, 2014 you can make a 2013 tax year contribution to a Roth IRA)
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement