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Hawkpilot
Returning Member

TURBO TAX PREMIER ROTH IRA VALUE USED FOR EXCESS CONTRIBUTION

While working on excessive Roth contribution for tax year 2022, TT asks for value of Wife's Roth IRA on December 31st, 2023. The note says to include any contributions made after 2023 that were for tax year 2023.  Excluding contributions made after DEC 2023, what value do I use for calendar year 2023: Is it the FMV in Box 5 from Form 5498?

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2 Replies

TURBO TAX PREMIER ROTH IRA VALUE USED FOR EXCESS CONTRIBUTION

 
Hawkpilot
Returning Member

TURBO TAX PREMIER ROTH IRA VALUE USED FOR EXCESS CONTRIBUTION

Guessing there is no solution to my original post about what "value" to use when working on excessive Roth IRA contributions. 

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