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Do not, do not, do not!!! go to Las Vegas April 12-15th and let it slip your mind that you needed to make 2008 IRA and Roth IRA contributions.

I was able to get checks mailed out for my contributions, and they will have 4/15/09 postmarks, but I forgot to write "Roth" on one and "Traditional" or deductible on the other.

I DID write my account numbers on the checks, and PYC 2008 (Prior Year Contribution). I realize now, too late, that *I* know which account is my Roth and which is my Tradtional, but does my brokerage know that? Don't they treat all IRA accounts the same way?

[a larger check was destined for Traditional/deductible IRA in order to lower my tax liability, a smaller check destined for the Roth in order that I could still access that money in a dire emergency without penalty. Total amount between both checks: $5000.00]

It all boils down to the following questions: What are my remedies (if any) should the 2008 contributions be incorrectly labeled? Can I call up my brokerage in about a week and ask them how they characterized each check/deposit/contribution? If they report both as Traditional contributions and/or both as Roth contributions, can I ask them to change/re-characterize each to the way I wanted (and should have written on the memo lines of the checks)? Will that still count as 2008 contributions?

Kasha
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I realize now, too late, that *I* know which account is my Roth and which is my Tradtional, but does my brokerage know that? Don't they treat all IRA accounts the same way?

Mine (Ameritrade) knows which is which. They tell from the account number.
They do not treat all IRA accounts the same way because the regulations are different.
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ROTH and traditional IRA accounts are separate. As long as the checks post to the expected account, you should be fine.

Debra
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