I made a dumb mistake. In January of this year, I deposited $7400 into my traditional IRA instead or my Roth (I am Roth eligible) for tax year 2024. I didn't notice the mistake at the time. I will not take (and am not eligible anyways) a deduction for the trad contribution. I know I can do a recharacterization. Can I just leave the money in the traditional and just do nothing? I know I would be paying taxes on that money twice, but it's a small amount at the end of the day. Thanks for any advice.
Statistics: Posted by JustADude — Sun Jun 09, 2024 3:15 pm — Replies 6 — Views 399