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New Member
posted May 31, 2019 6:56:50 PM

What does the question "Was Roth IRA open on December 31, 2016?" mean?

I did not open any new Roth IRA accts in 2016; however, I still have money in Roth IRA.  Should I Yes or No to this question?

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3 Replies
Expert Alumni
May 31, 2019 6:56:52 PM

You would answer Yes. The question is asking if you had any open or active accounts as of 12/31/2016. If you had money in a Roth account on that date, you would say Yes. 

The question is not asking if you opened any accounts during the year or placed money into a Roth during the year. That would be handled in the IRA contribution section. 

New Member
May 31, 2019 6:56:54 PM

It is a very ambiguous question.

Returning Member
May 31, 2019 6:56:55 PM

VERY confusing question for Michigan taxpayers who are attempting to remove a non-taxed Roth withdrawal entry from a Michigan state return