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Filed with an Roth IRA, but don't actually have one

In past years I have filled out the TurboTax forms stating that I have a Roth IRA. This is always how it was described and what I thought I had. Now I find out what I have been contributing to was a Roth 401k (in addition to my 401k). In past years I have answered yes that I had a Roth IRA and entered the corresponding dollar amount. This was wrong, but is it something I need to have corrected? I went in to TurboTax 2021, deleted my Roth IRA info, and it did not change the refund amount.

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2 Replies
MinhT1
Expert Alumni

Filed with an Roth IRA, but don't actually have one

Roth IRA  contributions are not tax deductible and are not reported on your tax return. TurboTax asks for your Roth IRA contributions only to determine whether you have over-contributed considered your level of income.

 

You do not have to amend your previous tax returns.

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Filed with an Roth IRA, but don't actually have one

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