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I opened a Roth IRA in 2017 and made contributions. Do I fill out both the "Traditional and Roth IRA Contributions" and "Retirement Savings Contribution Credit" sections?
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I opened a Roth IRA in 2017 and made contributions. Do I fill out both the "Traditional and Roth IRA Contributions" and "Retirement Savings Contribution Credit" sections?
Yes, although you will not get a deduction for your Roth contributions, entering the information will track basis information.
In addition, your Roth contribution may qualify you for the Retirement Savings Credit.
See What Is the Saver's Credit?
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I opened a Roth IRA in 2017 and made contributions. Do I fill out both the "Traditional and Roth IRA Contributions" and "Retirement Savings Contribution Credit" sections?
Yes, although you will not get a deduction for your Roth contributions, entering the information will track basis information.
In addition, your Roth contribution may qualify you for the Retirement Savings Credit.
See What Is the Saver's Credit?
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