What form to modify excess IRA contribution?
Posted March 30th, 2009 by admin 2 Comments »
chillair23 asked:
I just realized that I contributed $1000 to ROTH IRA for 2007, but I also contributed $4000 to Traditional IRA. I assume it is not ok, but I don’t know what I should do now. I don’t think it will affect my refund, but do I still need to file corrections? Thanks for any help!
I just realized that I contributed $1000 to ROTH IRA for 2007, but I also contributed $4000 to Traditional IRA. I assume it is not ok, but I don’t know what I should do now. I don’t think it will affect my refund, but do I still need to file corrections? Thanks for any help!