- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Contributions to a Roth IRA aren't deductible (and you don't report the contributionson your tax return), but qualified distributions or distributions that are a return ofcontributions aren't subject to tax. In addition, you don't have to be under age 70½ to contribute to a Roth IRA. https://www.irs.gov/taxtopics/tc451
so therefore no you do not need to amend.
TT holds this information history for you though so you can track your basis in the IRA.
I hope this was helpful?
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
June 5, 2019
3:34 PM