Guest Shelton Posted April 3, 2001 Posted April 3, 2001 What is the deadline for correcting an IRA excess contribution that was made March 2001 for year 2000?
Erik Read Posted April 3, 2001 Posted April 3, 2001 What is the correction? If the deposit was made in 2001, prior to 4/15, it can be counted for both the 2000 contribution and for 2001 - made in the tax year... outside of that, I would agree, correction needs to be made by filing deadline. __________________ Erik Read, APR CKC
Guest Shelton Posted April 3, 2001 Posted April 3, 2001 Thanks - I know its tax-filing deadline, plus extensions- however, there seems to be some confusion about which tax-filing deadline. The answers I have been given are 1) Because it was made FOR year 2000- the deadline to remove it is April 15, 2001 plus extensions 2) Because it was made IN 2001,the deadline is April 15, 2002- plus extensions.The focus is the year IN which it was made- not FOR the year it was made Which is correct? THanks Shelton
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