AmyC
Expert Alumni

Get your taxes done using TurboTax

1. For 2024, report the ROTH contribution.

2. The Q won't be reported. When it shows up, tuck the proof with it into the tax folder. Better yet, a financial notebook.

I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s, your  carryover information, and proof of your basis in your various investments. You must keep tax records  from the time you purchase until sold/ loss used plus 3 years. It is very easy to lose track of disallowed losses, carryforwards,  and basis.

This can be a digital or paper notebook.

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