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Level 1
February 27, 2025
Solved

Roth IRA Basis tracking

  • February 27, 2025
  • 1 reply
  • 4 views

I want TurboTax to keep track of my Roth IRA basis.

Does it matter if they were direct contributions versus a Roth IRA Conversion from a Traditional IRA, or are they both considered the same?

Thanks!

Best answer by dmertz

Expert Reviewed

Contribution basis and conversion basis are to be entered separately.  TurboTax will ask for each.

1 reply

dmertzAnswer
Level 15
February 28, 2025

Expert Reviewed

Contribution basis and conversion basis are to be entered separately.  TurboTax will ask for each.