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Anonymous
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Hello, I contributed to a Roth IRA through Vanguard in March of 2017. How do I apply this to my 2016 taxes?

 
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Accepted Solutions
PaulaM
Employee Tax Expert

Hello, I contributed to a Roth IRA through Vanguard in March of 2017. How do I apply this to my 2016 taxes?

Roth IRA contributions do not have to be entered at all in TurboTax or on your tax return. There is no deduction for it, nor a line entry on your tax return.

Enter only if you wish to track your Roth IRA basis:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'ira contributions' in the box, then select GO
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PaulaM
Employee Tax Expert

Hello, I contributed to a Roth IRA through Vanguard in March of 2017. How do I apply this to my 2016 taxes?

Roth IRA contributions do not have to be entered at all in TurboTax or on your tax return. There is no deduction for it, nor a line entry on your tax return.

Enter only if you wish to track your Roth IRA basis:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'ira contributions' in the box, then select GO
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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