in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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Turbo Tax - incorrectly -is saying I am exceeding my 2017 contributions; however, I am over 60 yrs old, I am entitled to do catch-up contributions or $1,000.00 which will make my allowed total contributions $7,500.00
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You do not need to include contributions to a Roth IRA in your return because there is no deduction benefit for contributing to Roth.
While Roth contributions are not reported on your tax return, it is a good idea to enter them the in the IRA contribution section anyway because TurboTax will:
To enter contributions to a Roth IRA in TurboTax, please follow these steps:
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