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How can I reconstruct ROTH IRA contributions made for my child starting some 20 years ago
Here is my dilemma. Back in the 1990s when I was working, I made contributions to a Roth IRA for my then 19 year old daughter. I made these with Fidelity and put in $2,000 yearly for at least 8 years, I don't have any records to verify this. She took out some $27,000 this year to pay off creditors and other bills. The 1099 does not show how much is taxable so I have to figure that out so she does not pay taxes on the full $27,000, only the gains, Can I put my best guess in for prior contributions when completing whatever form I need to do it on? I have no records of any checking accounts from back then,
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‎January 28, 2024
8:12 AM