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New Member
posted Jun 7, 2019 3:43:46 PM

Is there a way to update the Roth Contribution History. Contributions were entered yearly. I would like to update the cumulative amount for years prior to using TurboTax.

TurboTax shows the correct Roth contributions for each year I used the software.  How can I enter the amount I contributed for years prior to using TurboTax?  I would like to see the correct basis on the IRA Information Worksheet.

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1 Best answer
Level 15
Jun 7, 2019 3:43:47 PM

Go to Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.  Proceed to where TurboTax asks if you want TurboTax to track you Roth IRA basis and answer Yes.  Proceed a few more pages where TurboTax asks you to confirm your net Roth IRA contribution basis and adjust the amount so that it is correct.  I you also have basis in Roth conversions you can adjust that as well on the subsequent few pages.

1 Replies
Level 15
Jun 7, 2019 3:43:47 PM

Go to Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.  Proceed to where TurboTax asks if you want TurboTax to track you Roth IRA basis and answer Yes.  Proceed a few more pages where TurboTax asks you to confirm your net Roth IRA contribution basis and adjust the amount so that it is correct.  I you also have basis in Roth conversions you can adjust that as well on the subsequent few pages.