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tristatesteam
Returning Member

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

When I bought the IRA, in 2001, I bought their minimum purchase amount then to take advantage of dollar cost averaging bought $400 worth each month until it was all bought. There was also a bonus for keeping the account for 8 years. How do I work this?
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5 Replies

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

Are you saying you moved $400 a month from an IRA to a Roth IRA?

 

If so, you should have a 1099-R for each year.

 

@tristatesteam 

tristatesteam
Returning Member

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

Actually I put the pension rollover and the bonus into a money market set up as a Roth IRA and funded the investment IRA with that. Also there is nothing left in this IRA. It was income for me until August of 23.

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

Still, you should have 1099-Rs for your actions for each year you did this.

You have to report distributions from a Roth IRA  and should enter contributions to a Traditional IRA to TurboTax to see if you are eligible for that..

 

tristatesteam
Returning Member

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

The pension that this was funded by was liquidated in August of 2000. The money market that I used to buy shares in the IRA was emptied in September of 2001. I can't remember if there was any 1099-Rs sent to me and I don't have records from back that far. Also there is no traditional IRA involved here.

I am trying to enter Net Regular Contributions to a Roth IRA. The IRA that I used up this year was from a pension rollover. What do I enter in the blank?

I'm confused.

maybe someone else can understand what you did.

 

the net contributions are $400 per month times the number of months.

OR

the initial value that came to you in August 2000 plus interest.

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