AnnetteB6
Expert Alumni

Retirement tax questions

As long as you were eligible to make the Roth contribution for 2019 based on your income and age, it is not reported anywhere on your tax return.  Therefore, there is not a penalty for not reporting it.  Just be sure to keep good records on your own to show the amounts that you have contributed to the Roth IRA.  

 

Information is entered into your tax return with regard to Roth IRAs to help you determine whether you are eligible to make the contribution based on the information reported on your return.  The contribution itself does not get reported on your tax return.

 

@raisa_machado

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"