We recently opened a Rollover IRA for my wife (former TRS) and I learned I can use up to $6k of my post tax income to contribute to her pre-tax IRA. I've gone on TurboTax and entered the info as if her 2019 IRA was fully funded which increases our return.
Since I have until April 15th to contribute to her 2019 IRA, I was thinking I'd file the taxes as if I did already contribute the full $6k and then use the tax return to fund it (if the return is delayed, I'll be able to fund it normally with my income prior to 4/15).
Good idea, bad idea, ******ed idea?
Since I have until April 15th to contribute to her 2019 IRA, I was thinking I'd file the taxes as if I did already contribute the full $6k and then use the tax return to fund it (if the return is delayed, I'll be able to fund it normally with my income prior to 4/15).
Good idea, bad idea, ******ed idea?