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How many years back ? roth IRA contributions prior to 2023

roth ira contributions prior to 2023 ??? how many years prior to 2023?
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DanaB27
Expert Alumni

How many years back ? roth IRA contributions prior to 2023

TurboTax is asking about all your net contributions prior to 2023, therefore you would start with the first Roth IRA contribution and add them all up. If you took distributions prior to 2023 you would deduct them. This will get you the net contributions prior to 2023.

 

Please be aware, if you had a Qualified Distribution and your Form 1099-R has code Q or T then you can ignore the question about the net contributions.

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2 Replies

How many years back ? roth IRA contributions prior to 2023

The program wants to know if you opened your Roth 5 or more years ago. 

DanaB27
Expert Alumni

How many years back ? roth IRA contributions prior to 2023

TurboTax is asking about all your net contributions prior to 2023, therefore you would start with the first Roth IRA contribution and add them all up. If you took distributions prior to 2023 you would deduct them. This will get you the net contributions prior to 2023.

 

Please be aware, if you had a Qualified Distribution and your Form 1099-R has code Q or T then you can ignore the question about the net contributions.

**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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