Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
mycat04
New Member

I opened and contributed to a Roth IRA in February 2016. I did not include that in my filing as the software did not prompt me. Do I need to file an amended return?

 
1 Best answer

Accepted Solutions
cameaf
Level 5

I opened and contributed to a Roth IRA in February 2016. I did not include that in my filing as the software did not prompt me. Do I need to file an amended return?

No, Roth IRA's are non deductible on a federal tax return.  However, if you are eligible, the Roth IRA contributions will be used for the Retirement Savings Contribution Credit.

View solution in original post

1 Reply
cameaf
Level 5

I opened and contributed to a Roth IRA in February 2016. I did not include that in my filing as the software did not prompt me. Do I need to file an amended return?

No, Roth IRA's are non deductible on a federal tax return.  However, if you are eligible, the Roth IRA contributions will be used for the Retirement Savings Contribution Credit.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v