turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

To enter my IRA contribution do I enter the value? Or where do I find that amount on the folio I received from my mutual fund provider?

Can anyone help with specifics?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ThomasM125
Employee Tax Expert

To enter my IRA contribution do I enter the value? Or where do I find that amount on the folio I received from my mutual fund provider?

Your IRA contribution for tax purposes is the value of what you contributed during the year to your individual retirement account. It is typically listed on line 1 of Form 5498 that you will receive form your broker. That is all you need to report on your tax return in the current year unless you receive a distribution, which would be reported on form 1099-R.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

To enter my IRA contribution do I enter the value? Or where do I find that amount on the folio I received from my mutual fund provider?

You probably need to look at your bank account statements to see what you sent to the IRA.  You should know the amount.  Did you send in a one time amount or make several contributions during the year?  

Your IRA statement should have amount transferred in or cash received or similar under Activity.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question