topic Roth IRA in Get your taxes done using TurboTax

Roth IRA

steventhein — Wed, 11 Feb 2026 05:58:33 GMT

After I enter all the Roth IRA info, at the last page it is asking the value of the Roth IRA account as of December 31 2023. Is this new for 2023? In which form should I see this entry?

Re: Roth IRA

VolvoGirl — Sat, 16 Mar 2024 01:39:25 GMT

You get it from your IRA statement for 12/31/23.

Re: Roth IRA

dmertz — Sat, 16 Mar 2024 12:31:20 GMT

TurboTax likely only asks for your Roth IRA year-end balance if you've entered an excess Roth IRA contribution. The penalty for an excess contribution is limited to 6% of the lesser of the excess or your year-end balance. Check to see if Form 5329 Part IV is present in your tax return.