Clarification of TT Roth Questions

[plastic-fantastic]

So I have a small job where I created and contributed to a Roth account for the last 3 years.  In 2024, I also did a traditional IRA conversion to a Roth.  So, these are two different Roth accounts at two different institutions.

When going through TT it asks me to enter my 2025 (And early 2026-for TY 2025) Roth contributions.  All fine.  Then it asks me if I had opened ANY Roth's in 2024 or a previous year--OK, I guess that would apply to both accts--The PT job Roth from 2023, and the Roth conversion.  Right?  Then It asks me if I want to track the Roth account's  Basis--but I have TWO Roth accounts.  Opened in different years.  Are they talking about only the one I'm currently contributing to?   I guess the language used isn't specific enough for me.

[ThomasM125 · Accepted solution]

You are being asked if you want to track the basis of all of your ROTH IRA accounts . If you say "yes" TurboTax will ask you about contributions and conversions you made in previous years and they will be summarized on the IRA Information Worksheet from year to year.