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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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.

1 Reply

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.

Still have questions?

Do you have an Intuit account?