Yes you can elect to have TurboTax track your Roth IRA contributions:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select "Roth IRA"
- On the "Roth IRA Contributions" screen answer "No"
- On the "Did You Open a Roth IRA Before 2021?" answer "Yes"
- On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
- TurboTax will ask you follow-up questions in regard to net contributions and conversions.
Yes, TurboTax will let you know if you have a excess contribution for the current year.
Please see What happens if I made an excess Roth IRA contribution for additional information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"