In article <vqsnoejgdl169[at]corp.supernews.com> , "_JP"
<YamYam[at]nospamsplease.megapathdsl.net> writes:

- quote -

YOU must assign your contributions to the proper year by telling your broker
where they belong.


"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

"_JP" <YamYam[at]nospamsplease.megapathdsl.net> wrote in message
news:vqsnoejgdl169[at]corp.supernews.com...
- quote -

Can be - there is no must.

- quote -

You can, just make sure the brokerage knows how much to contribute for each
tax year. That means send a cover letter, or send two checks with the year
marked in the memo (I prefer cover letters).

- quote -

If you don't tell them, they will credit it to the calendar year in which
received. Write a cover letter.

Do they care? Not really. They just want your money. <very big grin
Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

Contributions made to an IRA account before April "can be" considered as the
last year's contribution. Or, is it "must be" instead of "can be?"

Let's say it's March, and I am filing my tax. I made $500 contribution to
my IRA last January (of this year), while already having made $2,750
contribution for last year (given that I'm allowed to make contributions up
to $3,000 per year). The question is, can I split that $500 and use the
first half for the last year's contribution and the other half for this
year's?

Does the brokerage with which I have my IRA account have to know what's for
this year and what's for the last year? Or, they don't really care, and
it's all up to me how I file my contributions in my tax form?


Thank you for your answer in advance.

_JP