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New Member
posted Feb 1, 2025 12:49:07 PM

My 2nd yr taking ROTH distribution & TurboTax ask "net regular contributions prior to 2024". How to know what was originally opened (b4 interest added) when >10 yrs old?

I don't have records for ROTHs where some were opened 20 years ago

0 1 1992
1 Replies
Expert Alumni
Feb 7, 2025 12:14:58 PM

Generally, it is your responsibility to track your Roth IRA contributions. You can try to check with your financial institution if they have any information.

 

Please note, if you are over 59 1/2 you do not need to know your net contributions and can ignore the question in TurboTax, since you met the requirements for Qualified Distributions. Your Form 1099-R should have codes T or Q.