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Do I need to enter all the information on my Roth IRA

 
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Accepted Solutions
PaulaM
Employee Tax Expert

Do I need to enter all the information on my Roth IRA

Roth IRA information doesn't have to be entered at all. There is no deduction, nor line on your tax return for the contribution. Some like to track their basis in TurboTax, but it is not required.

You may want to visit the Retirement Savings Contribution Credit section to see if you qualify for a credit for your Roth savings.

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'retirement savings contributions credit' in the box, then select GO
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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3 Replies
PaulaM
Employee Tax Expert

Do I need to enter all the information on my Roth IRA

Roth IRA information doesn't have to be entered at all. There is no deduction, nor line on your tax return for the contribution. Some like to track their basis in TurboTax, but it is not required.

You may want to visit the Retirement Savings Contribution Credit section to see if you qualify for a credit for your Roth savings.

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'retirement savings contributions credit' in the box, then select GO
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do I need to enter all the information on my Roth IRA

Thank you! This was helpful!
PaulaM
Employee Tax Expert

Do I need to enter all the information on my Roth IRA

You are welcome!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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