SabrinaD2
Employee Tax Expert

Retirement tax questions

Yes, normally when TurboTax asks for your Roth IRA contributions prior to 2024, it is looking for your total cost basis—the sum of all your after-tax contributions made over the years, excluding any earnings or gains. This includes any pre-tax 401(k) rollovers that were taxed when they were converted to a Roth IRA.