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Level 1
posted Feb 27, 2025 12:49:34 PM

Roth IRA Basis tracking

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!

0 1 804
1 Best answer
Level 15
Feb 27, 2025 4:36:15 PM

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

1 Replies
Level 15
Feb 27, 2025 4:36:15 PM

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