- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I have collected my 5498's and 1099R's to construct the basis for my Roth IRA. How do I enter the correct historical information regarding my Roth contributions into Turbo Tax such that when I make my first Roth IRA withdrawal, Turbo Tax will calculate the basis correctly? As it stands right now, I can see from the worksheet that my Roth Contributions are much lower than they actually are, probably because I began contributing to a Roth many years before I began using Turbo Tax. The Roth conversions are correct because I began doing that after I started using TurboTax. How do I correct these early, historical Roth contributions on TurboTax?
‎April 26, 2023
7:07 AM