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IRA contributions timing

Posted on 3/3/20 at 8:45 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42488 posts
Posted on 3/3/20 at 8:45 pm
Is it still possible to set up a new IRA account and make a contribution before April 15th and have the contribution count for 2019? Keep reading conflicting answers
This post was edited on 3/3/20 at 8:46 pm
Posted by Shepherd88
Member since Dec 2013
4590 posts
Posted on 3/3/20 at 8:45 pm to
Yes
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/3/20 at 9:05 pm to
Yes.
Posted by Roberteaux
mandeville
Member since Sep 2009
5809 posts
Posted on 3/3/20 at 9:12 pm to
If you haven’t filed your taxes yet, I believe you can
Posted by FulshearTiger
Member since Jul 2015
5276 posts
Posted on 3/3/20 at 9:17 pm to
Yes.

Seems like it would have been significantly easier to just google this.
Posted by Puffoluffagus
Savannah, GA
Member since Feb 2009
6100 posts
Posted on 3/3/20 at 9:17 pm to
quote:

Keep reading conflicting answers


The only thing to keep in mind is that while you can contribute up to April 15 for the previous tax year, you can't do a conversion after dec 31 and have it apply to that tax year.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42488 posts
Posted on 3/4/20 at 7:57 am to
Oh I googled the shite out of it. Maybe I'm not just as intelligent as you are.

Does this also apply to establishing self directed IRAs this year and making contributions for 2019?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35401 posts
Posted on 3/4/20 at 7:58 am to
yeeeeeeeeeep
Posted by Thib-a-doe Tiger
Member since Nov 2012
35401 posts
Posted on 3/4/20 at 8:01 am to
quote:

If you haven’t filed your taxes yet, I believe you can



you can after filing taxes, but you better make sure your contribution matches what you put on your return
Posted by FulshearTiger
Member since Jul 2015
5276 posts
Posted on 3/4/20 at 12:35 pm to
quote:

Oh I googled the shite out of it. Maybe I'm not just as intelligent as you are


You would basically have to be retarded to not be able to find the answer to this if you actually googled it.

Hundreds of links immediately pop up with answers when googling "when can I contribute to a roth IRA for 2019"
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35348 posts
Posted on 3/4/20 at 1:13 pm to
What if my income level is above the limit to deduct?

I want to contribute for 2019 but I've already filled my taxes.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42488 posts
Posted on 3/4/20 at 7:47 pm to
Articles don't talk about whether you can contribute even if the IRA plan is created after December 31. Dickhead.
Posted by jimwill
Member since Oct 2009
223 posts
Posted on 3/4/20 at 9:02 pm to
Yes, I setup a new traditional IRA account this year and contributed $6,000 to it for 2019. When you fund the account, your broker's site will ask what year you are contributing for.
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