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New Member
posted Feb 2, 2026 10:53:54 AM

Roth IRA

TTax is asking what my Roth contributions were prior to 2024?

Why? I have been contributing for many years and have no idea what that amount would be.

Have not made any Roth contributions for the last 3 years.

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1 Replies
Employee Tax Expert
Feb 2, 2026 12:24:21 PM

The purpose of that question is to establish the basis in your Roth IRA in the event that you take a distribution from the account that may be taxable.  If you have not reached the age of 59 1/2 and the Roth IRA is not at least 5 years old, then the basis is needed to determine whether the distribution is a return of your contributions (basis) or not.

 

To learn more about qualified Roth IRA distributions, see the following information from the IRS:

 

Qualified Roth IRA Distributions