Roth IRA Contributions

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I have owned Roth IRAs since 1998 when we were first allowed to convert traditional IRAs to Roth IRAs. Why am I being asked to go back to 1998 and add up all my contributions? I don't remember that question being asked last year. In fact I don't even have records that go back that far. Roth IRAs contributions have nothing to do with taxes. These distributions codes are "Q". Thank you

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macuser_22Answer

Alumni - Champ

Please keep your question in one thread:

https://ttlc.intuit.com/questions/3906602-i-have-owned-roth-iras-since-1998-when-we-were-first-allow...

You can ignore that question and leave the box blank. TurboTax probably should not ask to at all with a code Q which says it is a qualified, non-taxable distribution. The information is only needed if an early distribution penalty would apply so that your own contributions would not be taxable.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22

Answer

Alumni - Champ

Please keep your question in one thread:

https://ttlc.intuit.com/questions/3906602-i-have-owned-roth-iras-since-1998-when-we-were-first-allow...

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**