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famdoh
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For a Roth IRA, would the answer to “Roth IRA Contributions prior to 2019” be the amount in the account at the end of 2018?

 
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3 Replies

For a Roth IRA, would the answer to “Roth IRA Contributions prior to 2019” be the amount in the account at the end of 2018?

It is the total of ALL contributions to any Roth IRA account before 2019, dating back to when the first Roth IRA account was established, minus any amount that has already been distributed from the Roth.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
famdoh
New Member

For a Roth IRA, would the answer to “Roth IRA Contributions prior to 2019” be the amount in the account at the end of 2018?

thanks for the reply. To be clear– this would be all contributions I put in, nothing gained by market value, correct? Would I include employer contributions as well? e.g. prior to 2019 say I put in $5k, employer put in $1k, market added $500– would I enter $5k, $6k, or $6.5k?

For a Roth IRA, would the answer to “Roth IRA Contributions prior to 2019” be the amount in the account at the end of 2018?


@famdoh wrote:

thanks for the reply. To be clear– this would be all contributions I put in, nothing gained by market value, correct? Would I include employer contributions as well? e.g. prior to 2019 say I put in $5k, employer put in $1k, market added $500– would I enter $5k, $6k, or $6.5k?


There is not such thing as "employer contributions" to an IRA.     Employers can only contribute to employer sponsored retirement plans such as a 401(k), 401(k) Roth or other like plan.   A IRA is NOT such a plan.

 

If your question is about an employer plan then what are you entering that asks about contributions?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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