Hello, This is my first year doing Roth IRA, and have no experience, and looking for kind advice from you guys,
- If I made a contribution to Roth IRA in 2021, all before 5/17/2021 (the Tax deadline for 2020), can I still contribute 6000 for 2021 if we counted those initial contributions for the year 2020 (still less than the limit of 6000 for 2020).
- And How do I make sure those contributions are counted toward 2020 since on my broker statement, it showed that those contributed in 2021 toward the 2021 limit?
- Do I need to report anything to the IRS if I did this? Do I have to amend my 2020 taxes? Since Roth IRA are post tax and we don’t have to report them to IRS usually?
I appreciate any input
- If I made a contribution to Roth IRA in 2021, all before 5/17/2021 (the Tax deadline for 2020), can I still contribute 6000 for 2021 if we counted those initial contributions for the year 2020 (still less than the limit of 6000 for 2020).
- And How do I make sure those contributions are counted toward 2020 since on my broker statement, it showed that those contributed in 2021 toward the 2021 limit?
- Do I need to report anything to the IRS if I did this? Do I have to amend my 2020 taxes? Since Roth IRA are post tax and we don’t have to report them to IRS usually?
I appreciate any input
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