Confused about Net Regular Contributions to a Roth IRA

[flyinhigh]

TT is asking me to enter Roth IRA Contributions prior to 2024, but it says to "Report your net regular Roth IRA contributions prior to 2024 and to include only those contributions remaining in your Roth IRA after subtracting any amounts withdrawn".

I contributed $5,000 to my Roth about 20 years ago.  I withdrew $7,000 in 2024.  Am I supposed to subtract the amount withdrawn in 2024 (or only prior years)?  Or, since I withdrew more, in 2024, than I contributed in 2005, does that mean I enter zero for Roth IRA Contributions prior to 2024?  (because there are no *NET* contributions left)

[Opus 17]

Correct.  If your lifetime total of Roth IRA contributions was only $5000, and you previously withdrew $7000, then your remaining contributions are zero.

However, you need to combine all your Roth IRA contributions at all your accounts.  If you have an account at bank A with $5000 contributions, and an account at bank B with $10,000 of contributions, your current contributions are $15,000.   IRA stands for "Individual retirement arrangement", and you only have one arrangement for yourself, even if you have more than one account as part of that arrangement. 

[dmertz]

Since you received no distributions from your IRAs prior to 2024, enter $5,000 as your net Roth IRA contribution basis.  Your net Roth IRA contributions in 2025 will be zero, which TurboTax will track for you.