2592183
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Is there a way to start an IRA or a Roth IRA account using Turbo Tax before tax refund is submitted?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Is there a way to start an IRA or a Roth IRA account using Turbo Tax before tax refund is submitted?

You can start an IRA or Roth but not via TurboTax.  TurboTax cannot start an IRA for you.    You have to use a financial institution that can start a retirement account for you.   If you want to get one opened and file by April 18, 2021 you can enter an IRA contribution on your 2021 return.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Is there a way to start an IRA or a Roth IRA account using Turbo Tax before tax refund is submitted?

You must also fund the IRA no later than April 18.

Is there a way to start an IRA or a Roth IRA account using Turbo Tax before tax refund is submitted?

I should add that if you are hoping to get a deduction on your 2021 tax return, you had better learn the difference between a traditional IRA and a Roth IRA and understand the differences in what you can deduct on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Is there a way to start an IRA or a Roth IRA account using Turbo Tax before tax refund is submitted?

All set!  Thank you! 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question