I am confused on whether I have to report my Roth IRA contributions each year. I've contributed to my roth since 2018. In 2021 I got married and both my wife and I contributed to our own individual Roths since. I've always prepared my own taxes (via an online software package). My questions are:
I didn't notice until this year that my tax software asked me about contributions to a Roth IRA. The software allowed me to go through and fill in my contributions for last year and all of the years back to 2018 when I started contributing. After I was done filling in my taxes I noticed that in the PDF version of the return it included a sheet with the title "2023 ROTH IRA RECORD WORKSHEET" listing all my contributions for each year. It included one for my wife as well. My questions are:
1. Do I actually have to report these contributions on my taxes for all other years dating to 2018? If so, which form do I have to fill out? and if the form has been updated do I have to find the version of the form available in 2018, 2019, 2020, etc.?
2. Do I have to submit an amended tax return for each of those years since 2018 even though my AGI did not change?
3. Is there a penalty for submitting these forms?
4. I read that I may need to file form 5498 but in other places I read that it is 'recommended' but not necessary for Roth contributions.
Thank-you.
