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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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‎April 4, 2022
10:54 AM