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In Roth IRAs, it asks "Was Roth IRA open on December 31, 2025". Is this asking if I closed this Roth IRA in 2025?

 
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2 Replies
DanaB27
Employee Tax Expert

In Roth IRAs, it asks "Was Roth IRA open on December 31, 2025". Is this asking if I closed this Roth IRA in 2025?

Yes, TurboTax wants to know if you closed the Roth IRA during 2025 or if it was still open on December 31, 2025. In other words did you have a balance in your Roth IRAs on December 31, 2025?

 

 

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dmertz
Level 15

In Roth IRAs, it asks "Was Roth IRA open on December 31, 2025". Is this asking if I closed this Roth IRA in 2025?

TurboTax is asking if you had money in any Roth IRA on December 31.

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