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January 26, 2022
Question

Can I take the deduction for a 2020 contribution I reported on an IRA that I shorted myself a $100?

  • January 26, 2022
  • 1 reply
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I accidentally shorted myself $100 deduction when I entered my contribution to my IRA can I claim it on this years return

1 reply

January 26, 2022

If you claimed the wrong amount for your traditional IRA deduction on your 2020 Federal 1040 tax return, you will need to amend your 2020 Federal 1040 tax return to report the correct amount.

 

This TurboTax Help explains how to amend or correct your 2020 Federal 1040 tax return if you filed using a TurboTax product.

 

TurboTax Help explaining IRA Deductions

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