So I just opened a Roth IRA and fully funded 2006 and 2007. I was just told that I might have to amend my 2006 tax return. Is this true?
2007-04-11 05:08:55 · 4 answers · asked by RomeoPM 1 in Business & Finance ➔ Taxes ➔ United States
You do not report Roth IRA contributions to the IRS, so no you don't have to amend your return.
2007-04-11 05:16:07 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Contribution to a Roth does not appear on your 2006 tax return, as long as you were qualified to contribute.
2007-04-11 12:17:04 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋
probably not, since Roth IRA's are contributed too with after tax money - but check with the IRS to make sure since the US tax code is now at around 75,000 pages and I am sure you could get in trouble for not knowing some minute detail hidden within that mountain of stupidity.
2007-04-11 12:13:22 · answer #3 · answered by True Grits 3 · 1⤊ 0⤋
You don't report Roth so no need to amend
2007-04-11 12:26:47 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋