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doves1985
New Member

Turbotax is asking "What were your Roth IRA contributions prior to 2025?" -- it wants the grand total of all my contributions for every year I contributed?

I know my Roth and I are fully qualified.
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1 Best answer

Accepted Solutions
Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax is asking "What were your Roth IRA contributions prior to 2025?" -- it wants the grand total of all my contributions for every year I contributed?

Yes.  If you are over age 59-1/2 and your Roth was opened more than 5 years ago, there is no reason to ask, but maybe the program is set up to require an answer on the internal worksheet.  If you are under age 59-1/2 or your Roth IRA is less than 5 years ago, the question must be asked.

 

If you know your withdrawals are qualified, you can just enter a reasonable estimate, it won't change your tax return. 

 

Also note that a Roth account in a 401k or 403b is not the same as an IRA.  If you rolled over or converted money from a workplace plan to a Roth IRA and did not have a Roth IRA before, you just started a separate 5 year clock.

 

 

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1 Reply
Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax is asking "What were your Roth IRA contributions prior to 2025?" -- it wants the grand total of all my contributions for every year I contributed?

Yes.  If you are over age 59-1/2 and your Roth was opened more than 5 years ago, there is no reason to ask, but maybe the program is set up to require an answer on the internal worksheet.  If you are under age 59-1/2 or your Roth IRA is less than 5 years ago, the question must be asked.

 

If you know your withdrawals are qualified, you can just enter a reasonable estimate, it won't change your tax return. 

 

Also note that a Roth account in a 401k or 403b is not the same as an IRA.  If you rolled over or converted money from a workplace plan to a Roth IRA and did not have a Roth IRA before, you just started a separate 5 year clock.

 

 

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