No. You do not need to
include contributions to a Roth TSP in your return because there is no deduction
benefit for contributing to Roth IRA.
While
Roth contributions are not reported on your tax return, it is a good idea to
enter them the in the IRA contribution section anyway because TurboTax will:
- track the basis of your
contributions for you year-to-year. [This becomes important when you start
making withdrawals--to track how much of the distribution is taxable.]
- alert you if your MAGI exceeds the
Roth contribution limit and are subject to a penalty.
- alert you if you have insufficient
earned compensation to contribute.
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