Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 12:07:53 PM

"Check this entry: IRA information worksheet: line 50 boxes (open ROTH IRA accounts at end of year) should have a box checked"This info is not on the tax form I received

0 2 1715
1 Best answer
Level 15
Jun 1, 2019 12:07:56 PM

Only you know if you had any money in Roth accounts at year-end.  Your Roth IRA  custodian has no way of known if you have any Roth accounts with other custodian's  If still have money in any Roth IRA accounts, answer Yes.  If you no longer have any money in Roth IRA accounts, answer No.  I suggest going back to the 1099-R entry section, clicking the Continue button on the Your 1099-R Entries page and proceeding to where TurboTax asks this question because there are other questions in that area that you might have also missed.  Otherwise, just supply the answer to the question in the Smart Check where you are seeing this error message.

2 Replies
Level 15
Jun 1, 2019 12:07:56 PM

Only you know if you had any money in Roth accounts at year-end.  Your Roth IRA  custodian has no way of known if you have any Roth accounts with other custodian's  If still have money in any Roth IRA accounts, answer Yes.  If you no longer have any money in Roth IRA accounts, answer No.  I suggest going back to the 1099-R entry section, clicking the Continue button on the Your 1099-R Entries page and proceeding to where TurboTax asks this question because there are other questions in that area that you might have also missed.  Otherwise, just supply the answer to the question in the Smart Check where you are seeing this error message.

New Member
Jun 1, 2019 12:08:00 PM

Thank you. The way the question read made it seem like I should have a form that I don't. I appreciate your thorough answer!