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Why does it ask what were my Roth IRA contributions prior to 2025? I've had the Roth account for over 20 years.

 
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MindyB
Employee Tax Expert

Why does it ask what were my Roth IRA contributions prior to 2025? I've had the Roth account for over 20 years.

It is being asked to compute your total cost basis. Since you can withdraw your original contributions at any time without taxes or penalties, tracking the basis is much less complicated to do each year, rather than when (if) you take an early withdrawal. 

 

If you did not take a distribution in 2025, this information is not required to file, but providing it now helps the software track your basis for future years. 

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