How do I indicate my deposit as a previous year's contribution?

When making a deposit to your IRA, the tax year will default to the current tax year. However, you can indicate the deposit as a contribution for the previous tax year up until the deadline of the current tax year.

To indicate the deposit as a contribution for the previous tax year, select the check box next to “Contribute to previous year” when making the deposit.

If you have any questions, please contact us at help@composer.trade.

This material is for informational purposes only and is not intended to be a substitute for consultation with a qualified tax professional before making decisions related to your retirement account(s). Visit the IRS website for further information.