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New Member
posted Jun 6, 2019 4:15:07 AM

Do i have to report rothe contributory Ira if no contributions or withdrawls have been made during the year?

Also, second question: do i need to report on 1040, a ira roller which was completed in 2015 and was reported then... , also, have not contributed to this one, nor withdrawn.

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Employee Tax Expert
Jun 6, 2019 4:15:09 AM

A Roth contribution does not need to be entered in TurboTax because there is no deduction, nor a line on the 1040 form because contributions are not deductible.

If you completed a rollover in 2015 and reported it in the 2015 tax year, then there would not be anything else to report in 2016.

1 Replies
Employee Tax Expert
Jun 6, 2019 4:15:09 AM

A Roth contribution does not need to be entered in TurboTax because there is no deduction, nor a line on the 1040 form because contributions are not deductible.

If you completed a rollover in 2015 and reported it in the 2015 tax year, then there would not be anything else to report in 2016.