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Get your taxes done using TurboTax
Yes, you can track have TurboTax track your Roth basis for you (but it is always a good idea to track it outside of TurboTax as well).
- Open your return
- Click “Deductions &Credits” on the top
- Click "I'll choose what to work on"
- Scroll down to “Traditional and Roth IRA Contributions” and click “Start”
- Select “Roth IRA”
- Enter your Roth IRA contribution for 2022
- On the "Did You Open a Roth IRA Before 2021?" answer "Yes"
- On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
- TurboTax will ask you follow-up questions in regard to net contributions and conversions.
You can see your Roth basis on the "IRA Information Worksheet" (Part II).
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April 14, 2023
9:30 AM