The tax client wants to contribute to a Roth IRA for 2018. He has already filed his 2018 return. Do I need to file an amended return to report this contribution?
The tax client wants to contribute to a Roth IRA for 2018. He has already filed his 2018 return. Do I need to file an amended return to report this contribution?
You would not have to amend it unless it created a credit for Retirement savers credit. Then you may want to. If you do not amend I would still put it into the tax software to keep track of basis in case they take a distribution out before age 59 1/2.
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