You'll need to sign in or create an account to connect with an expert.
You would enter the total contributions made since the Roth was established. Be sure to subtract any previous year's distributions as well. This number is establishing the basis of the Roth IRA.
"You would enter the total contributions made since the Roth was established"
... except for contributions made for the current tax year. Contributions made for the current tax year are entered under Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sm_shinde
New Member
RC0857
Returning Member
narkhsa1
New Member
glesieutre
Returning Member
msv1
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.