End of year value win contributing to 2023 ira in 2024

[Ig-sdlo]

At the end of 2023, my IRA balance was $2 because I transferred everything to a Roth IRA. Now, while contributing to my 2023 IRA in TurboTax, I'm asked for the IRA value on 12/31/2023.

So, if I contribute $1000 today, should I enter $1002?

[ThomasM125 · Accepted solution]

It would be the balance at end of year plus any contributions made in 2024 to be applied to 2023.

[Edited 3/18/24 at 5:53 PM PST] @Ig-sdlo 

[Ig-sdlo]

@ThomasM125  are you sure? It explicitly asks to include that.

[ThomasM125]

You are correct, please see my edited post!