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Level 2
June 4, 2019
Solved

I had two Roth IRAs open in 2018 and cashed out one. Does your question about prior year contributions apply for both of them together or the one that is still open?

  • June 4, 2019
  • 1 reply
  • 17 views

TurboTax asks to "Enter Prior Year Roth IRA Contributions."  Is this question concerning the Roth IRA I closed in April 2018 or the one that is still open, or both together?

Best answer by dmertz

Both together.  All of your Roth IRAs are considered to be a single account for tax purposes.

1 reply

dmertzAnswer
Level 15
June 4, 2019

Both together.  All of your Roth IRAs are considered to be a single account for tax purposes.