Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 2, 2025 2:50:19 PM

Why do I need to track basis for Roth Contributions?

If Roth withdrawals are tax free why do I need to track the contributions?   I am over 59 1/2 and have had Roth longer than 5 years.

0 1 267
1 Replies
Expert Alumni
Apr 2, 2025 3:23:19 PM

You do not have to track your contributions for Roth IRAs.  This is a feature in TurboTax for people who are not as familiar with the IRA rules.