What exactly is the value of a Roth IRA?

[Robdaug10]

Alright.  Nevermind.  I already know how to deal with contributing too much.  That’s different than the question of “value”.  I will figure out. Thanks.

[pradip52]

What if I do not want to give that information because I consider it not relavant for the yearly tax computation ?

(It is hard to get that information as well). I want to pay taxes on the distribution yes but not burdened by filing out unrelavant information for IRS to make their job easier. TurboTax program does not care what number I enter there. And it does not change my tax computation. So why even do it ? Please explain. Thanks. Pradip Shah

[fanfare]

If you are filing Form 5329 Part IV regarding a Roth IRA,

TurboTax needs the value to calculate the Additional Tax, Line 25.

This is to your advantage.  TurboTax certainly does care and you should too.

@pradip52 

[pradip52]

Thank you for clarifying.