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For the question: What were your Roth IRA contributions prior to 2025? Do I need to calculate all 20+ years contribution?

 
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CesarJ
Employee Tax Expert

For the question: What were your Roth IRA contributions prior to 2025? Do I need to calculate all 20+ years contribution?

To get calculations of your total Roth IRA contributions prior to 2025, gather your past IRA statements and Form 5498s from your IRA custodian. These documents show your yearly contributions. You can add these amounts to find the total contributions made before 2025.

In TurboTax, you enter this total when asked about your prior Roth IRA contributions. This helps the software accurately track your basis for tax purposes.

Maintaining accurate records of your total contributions over the years ensures proper reporting and tax treatment of your Roth IRA.

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For the question: What were your Roth IRA contributions prior to 2025? Do I need to calculate all 20+ years contribution?

Thank you!
It is hard to track for more than two decades. And I have roll it over to a different bank.

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