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Retirement tax questions
No, it is not reported on your return. You don't have to report your contribution to a Roth IRA; however, you may want to input it into TurboTax so you can track your basis. In order to avoid paying taxes on the earnings, it’s necessary to leave your contributions in your Roth IRA for at least five years. Just update in 2019, don't amend your return with a 1040X.
June 1, 2019
10:13 AM