TurboTax may be asking if you had any contributions to a Roth IRA because you may not have entered information about your Roth contributions. There is no deduction benefit for contributing to Roth IRA.
While Roth contributions are not reported on your tax return, it is a good idea to enter them the in the IRA contribution section anyway because TurboTax will:
- track the basis of your contributions for you year-to-year. [This becomes important when you start making withdrawals--to track how much of the distribution is taxable.]
- alert you if your MAGI exceeds the Roth contribution limit and are subject to a penalty.
- alert you if you have insufficient earned compensation to contribute.
You do not need to include contributions to a Roth in your return
While Roth contributions are not reported on your tax return, it is a good idea to enter them the in the IRA contribution section anyway because TurboTax will:
- track the basis of your contributions for you year-to-year. [This becomes important when you start making withdrawals--to track how much of the distribution is taxable.]
- alert you if your MAGI exceeds the Roth contribution limit and are subject to a penalty.
- alert you if you have insufficient earned compensation to contribute.
