Got married in 2005. My wife and I are each sole proprietors. We each contribute to separate SEP IRAs. We filed jointly in 2005. I did our taxes with TurboTax, which calculated that I could contribute 4,500 to a Roth IRA and my wife could contribute 4,500 to a Traditional IRA. My wife received a 5498 showing that she told the custodian to contribute the $4,500 to a ROTH IRA (she was supposed to contribute to a traditional IRA). What should I do to straighten this out? Thanks in advance...
- posted
17 years ago