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w2hp
New Member

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.

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1 Reply
MaryK4
Expert Alumni

Why do I need to track basis for Roth Contributions?

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.  

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