I made under 6500 last year, and I have a loan this year, so I put the difference in with the loan money as a late contrib, thinking I was smart to max it out, now I got a warning when doing taxes that I'll get a tax penalty. Can I just claim that difference amount as 'alternative' income, as I'll still be under the 13someK deduction, so it probably wont be taxed? Otherwise I have a 3k loss carryover I maybe could apply to that? it wont cover all though.
Further looking, I believe I made profit on the over contribution, so that further complicates this.
the loan is 6% for a year
Submitted April 13, 2024 at 02:32AM by recluseAbroad https://ift.tt/jy6VAzx
