Does us the value of your Roth IRA ? is this the amount i put in in 2024 of the value of the investment?

[SabrinaD2]

When entering your Roth IRA information in TurboTax for 2024, it's important to distinguish between contributions and the value of the investment.

 

Roth IRA Contributions/Account Value

1. Contributions: This refers to the amount you put into your Roth IRA during the year. 
2. Investment Value: This is the total value (end-of-year value) of your Roth IRA account, including any gains or losses. 

For more detailed guidance, you can check out the TurboTax support page