MindyB
Expert Alumni

Retirement tax questions

You are correct, the basis withdrawal isn't taxable.  You will need to input the basis- without an entry, there is no way to determine the basis.

 

Here is how to navigate TurboTax Online to report your ROTH basis:

 

  1. Navigate to Traditional IRA and Roth IRA Contributions in the Deductions and Credits section.
  2. On the Tell us about your IRAs screen, check the Roth IRA box and select Continue.
  3. Continue through the interview to enter your current year (2025) contributions on the screen that asks you to Enter your regular Roth IRA contributions.
  4. Continue through the interview, answer Yes to the question Did you open any Roth IRAs in 2024 or any previous year?
  5.  Answer Yes to the question Do you want to track your Roth IRA basis?, and proceed to report your basis.

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