At the end of 2023, my IRA balance was $2 because I transferred everything to a Roth IRA. Now, while contributing to my 2023 IRA in TurboTax, I'm asked for the IRA value on 12/31/2023.
So, if I contribute $1000 today, should I enter $1002?
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It would be the balance at end of year plus any contributions made in 2024 to be applied to 2023.
[Edited 3/18/24 at 5:53 PM PST] @Ig-sdlo
It would be the balance at end of year plus any contributions made in 2024 to be applied to 2023.
[Edited 3/18/24 at 5:53 PM PST] @Ig-sdlo
You are correct, please see my edited post!
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