JohnB5677
Expert Alumni

Retirement tax questions

We are looking for the 12/31/2021 value of the combined total of your ROTH accounts.

 

TurboTax asks for your 2021 year-end value in Roth IRAs to ensure that your entries do not indicate that you have an excess contribution in your Roth IRAs.  The year-end excess contribution penalty is calculated on the lesser of the amount of the excess or the year end balance.

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