<prompt> Human: Hey, so I recently opened an IRA and maxed it out for the 2012 2013 year. So after I opened it and filled it up I realized that this might be a tax problem. Currently my funding for those two years comes from my lifetime savings funds from family for college that I saved instead of spent. My question is, will this become a problem when it comes to taxes? As a college student I dont have a job so I do not file taxes. Does this mean I have to start filing taxes due to my IRA?  <response>: Closing an IRA is not the same as withdrawing from it, which is not the same as undoing a contribution.Id call the IRA custodian andor a CPA or someone like that to see how to fix it. 